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For each independent scenario listed below: Prepare the original entry; then Prepare the adjusting entry The fiscal year end for this company is December 31,

  1. For each independent scenario listed below:

    1. Prepare the original entry; then

    2. Prepare the adjusting entry

The fiscal year end for this company is December 31, 2020. You do not need to include explanations. SHOW YOUR CALCULATIONS

  1. On July 1st a three year contract was signed to rent a space in Vaughan Mills for $28,800, which was paid on account.

Date

Particulars

DR

CR

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