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For each of the following transactions for the Sky Blue Corporation, prepare the adjusting journal entries required on October 31 (if no entry is required

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For each of the following transactions for the Sky Blue Corporation, prepare the adjusting journal entries required on October 31 (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) a. Collected $4,350 rent for the period October 1to December 31, which was credited to Unearned Revenue on October 1 b. Paid $2,760 for a two-year insurance premium on October 1 and debited Prepaid Insurance for that amount. c. Used a machine purchased on October 1 for $55,800. The company estimates annual depreciation of $5,580. View transaction list View journal entry worksheet General Journal No 1 Transaction a. Debit 1,450 Unearned Revenue Rent Revenue 1.300

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