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Do i put the AJE beside any of these? At December 31, the unadjusted trial balance of H&R Tacks reports Prepaid Insurance of $6,000 and
Do i put the AJE beside any of these?
At December 31, the unadjusted trial balance of H&R Tacks reports Prepaid Insurance of $6,000 and Insurance Expense of $0. The insurance was purchased on July 1 and provides coverage for 24 months. Required: 10 1. Prepare the adjusting journal entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. points Complete this question by entering your answers in the tabs below. eBook Print Required 1 Required 2 Prepare the adjusting journal entry on December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) References View transaction list View journal entry worksheet Date General Journal Credit No 1 Debit 1,500 0 December 31 Insurance Expense Prepaid Insurance 1,500 At December 31, the unadjusted trial balance of H&R Tacks reports Prepaid Insurance of $6,000 and Insurance Expense of $0. The insurance was purchased on July 1 and provides coverage for 24 months. Required: 10 1. Prepare the adjusting journal entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. points Complete this question by entering your answers in the tabs below. eBook Print Required 1 Required 2 Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. References Insurance Expense Beg. Bal. Prepaid Insurance 6,000 1,500 Beg. Bal. 1,500 1,500 End. Bal. 4,500 End. Bal. Required 1 Required 2 At December 31, the unadjusted trial balance of H&R Tacks reports Prepaid Insurance of $6,000 and Insurance Expense of $0. The insurance was purchased on July 1 and provides coverage for 24 months. Required: 10 1. Prepare the adjusting journal entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. points Complete this question by entering your answers in the tabs below. eBook Print Required 1 Required 2 Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. References Insurance Expense Beg. Bal. Prepaid Insurance 6,000 1,500 Beg. Bal. 1,500 1,500 End. Bal. 4,500 Ind. Bal. T T AJE d1 Required 2Step by Step Solution
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