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DA I Normal 1 No Space Heat Heateg2 huuyaph Assignment #2 - Chapter 3 Com 204 September 2020 Question 1 Pine Centre Mall Ltd. has

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DA I Normal 1 No Space Heat Heateg2 huuyaph Assignment #2 - Chapter 3 Com 204 September 2020 Question 1 Pine Centre Mall Ltd. has a year-end of December 31, 2020. Using the information and the template for journal entries below, prepare the adjusting journal entries for the following transactions. No explanations are required. (16 marks) I 1) On October 1, 2020, Purchased a one year insurance policy for $4,800. 2) On November 1, 2020, the company prepaid $9,000 for 6 months' rent. 3) Services performed and not collected from customers at year-end is $2,500. 4) Office supplies of $1,500 were purchased at the beginning of the year. $350 worth of medical supplies remain on hand. 5) Interest expense of $950 for a loan in 2020 will be paid later in 2021. 6) Since the last payday, employees have earned an additional $650 which has not yet been paid or recorded. 7) The company received $3,000 from a customer in advance which was posted to the Unearned Revenue Account Services were completed in December 2020. 8) Depreciation on equipment for the year is $10,000, which has not been recorded. SUS

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