Question
each of the following events requires a year-end adjusting entry. A.) paid $9,600 cash in advance on July 1st for a one-year lease on Office
each of the following events requires a year-end adjusting entry. A.) paid $9,600 cash in advance on July 1st for a one-year lease on Office space B.) purchased 3200 of supplies on account on April 15th. At year end 210 of supplies remained. C.) received a 8,200 Cash advance on July 1 for a contract to provide services for one year beginning immediately D.) paid $3,000 cash in advance on February 1 for a one-year insurance policy
record each of it and the related adjusting entry in a general journal format. do not round intermediate calculations. round final answers to nearest whole dollar.
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