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estion 9 034 -/10 The following information relates to the Carla Vista Magazine Company at the end of 2020. The accounting period is the calendar
estion 9 034 -/10 The following information relates to the Carla Vista Magazine Company at the end of 2020. The accounting period is the calendar year 1. 2. An insurance premium of $8.100 was paid on March 1, 2020, and was charged to Prepold Insurance. The premium covers 24-month period beginnine March 1, 2020 On June 1, 2020, ish of 551840 was received from subscribers customers, for a 36-month subscription period beginning on that date. The receipt was recorded by a debit to Cash and a credit to Unearned Subscription Revenge The Supplies account showed a balance of $6,200 at the beginning of 2020, Supplies contine 517.000 were purchased during 2020 and debited to the asset account Supplies 53.300 were on hand at December 31, 2020 3 Using the information given above, prepare the necessary adjusting entries at December 31, 2020. Credit account titles are automatically indented when the amount is entered. Do not Indent manually No. Account Titles and Explanation Debit Credit 2
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