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Each of the following independent events requires a year-end adjusting entry. 3. Paid $9,100 cash in advance on July 1 for a one-year lease on
Each of the following independent events requires a year-end adjusting entry. 3. Paid $9,100 cash in advance on July 1 for a one-year lease on office space. ). Purchased $3,600 of supplies on account on April 15 . At year-end, $200 of supplies remained on hand. Received a $9,400 cash advance on July 1 for a contract to provide services for one year beginning immediately. 1. Paid $3,700 cash in advance on February 1 for a one-year insurance policy. Required Record each event and the related adjusting entry in general journal format. The first event is recorded as an example. Assume a December 31 closing date. (Do not round intermediate calculations. Round your final answer to the nearest whole dollar. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Required Record each event and the related adjusting entry in general journal format. The first event is recorded as an example. Assume a December 31 closing date. (Do not round intermediate calculations. Round your final answer to the nearest whole dollar. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
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