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can you please help me Stre Help Save & E Submit Check my work The information necessary for preparing the 2021 year-end adjusting entries for
can you please help me
Stre Help Save & E Submit Check my work The information necessary for preparing the 2021 year-end adjusting entries for Bearcat Personal Training Academy appears below Bearcat's fiscal year end is December 31 1. Depreciation on the equipment for the year is $5,400 2. Salaries eamed (but not paid) from December 16 through December 31, 2021 are $2.400 3. On March 1, 2021. Bearcat lends an employee $12,000 The employees a note requiring principal and interest at to be paid on February 28, 2022 4. On April 1, 2021. Bearcat pays an insurance company S11,280 for a two year fire insurance policy The entire 511280 s debited to Prepaid Insurance at the time of the purchase 5. Bearcat uses $900 of supplies in 2021 6. A customer pays Bearcat 52.220 on October 31, 2021. for three months of personal training to begin November 1, 2021 Barcat credits Deferred Revenue at the time of cash receipt 7 On December 1, 2021 Bearcat pays $3,600 rent to the owner of the building. The payment represents rent for December 2021 through February 2022 at $1.200 per month. Prepaid Rent is debited at the time of the payment Required: Record the necessary adjusting entries at December 31, 2021 No prior acustments have been made during 2021 (Do not round Intermediate calculations. If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transactions EVE View transaction list CI Journal entry worksheet Step by Step Solution
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