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d. Using the straight-line depreciation method, calculate the depreciation expense for January 1, 2018 to December 31, 2018. e. To prepare the 2018 annual financial
d. Using the straight-line depreciation method, calculate the depreciation expense for January 1, 2018 to December 31, 2018. e. To prepare the 2018 annual financial statements, record the adjusting entry for December, 31, 2018. g Preparing adjusting entries (annual)-unearned revenue LO4 October 1, 2017 Dec. 31, 2017 Mar Sept. Nov. Jan. Mar. May July Sept Nov luly Feb. Ap Aug. Oct. Dec. Feb. ApruAug. Oct. 2017 2018 7X Fitness are ares financial statements on an annual basis and has a December 31 year-ene er 1, 2017, Ciul 17X sells a one-year prepaid gym membership for $300 cash. a. Record the journal entry on October 1, 2017. b. How much is the gym membership per month? c. How many months have passed between October 1, 2017 and December 31, 2017? d. In order to prepare the annual financial statements, record the adjusting journal entr December 31, 2017
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