how i do adjusting enteries for this

5% of A/R balance 8. 10% of the Note Payable is due May 1, 2023. This is only information. It tells you whatpportion of the Notes Payable needs to be reported as Current and the balance to be reported as long-term when you are preparing the Balance Sheet Prepaids: You need to look at the Trial Balance for any balances and the transactions for the prepaid accounts to figure out the amount to adjust the accounts for: Nov. 1 Paid for four month's rent in advance totaling $8,800. This covers the period November 1, 2022 to February 28, 2023 Nov. 20 Paid the Calgary Herald $2,100 for a series of advertisements to be published in the paper for three months commencing December 2022 Dec, 1 Paid $19,320 to Complete Insurance Company. I-Teck Company purchases a comprehensive policy annually covering December 1 to November 30 of the following year. As this is a comprehensive policy, no other insurance policies exist. Account No. 110 120 121 130 140 150 160 161 165 166 190 220 1-Teck Company Trial Balance 31-Oct-16 Account Title Cash Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Office Supplies Prepaid Insurance Computer Equipment Accumulated Depreciation, Computer Equipment Office Furniture Accumulated Depreciation, Office Furniture Patent Accounts Payable Debit $63,511.35 60,917.50 92,225.00 1,190.00 13,420.00 23,800.00 22.190.00 8,239.00 Credit $1,750.00 8,925.00 4,025.00 30.348.64 56,000.00 Search Add Year Do Export PDF Adobe Export PDF Convert PDFs to Word or face Online Select P A255-5.mation Mic Word do Document Language English (15) Change Convert View Document Cloud File Convert, edit and e-sk forms & agreeme