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I want journal entries for October, November, December separately Dr. Erica Chan, MD owns EC Health Clinic. She prepares annual financial statements and has a
I want journal entries for October, November, December separately
Dr. Erica Chan, MD owns EC Health Clinic. She prepares annual financial statements and has a December 31,2023 year-end. a. On October 1,2023 , Dr. Chan prepaid $8,200 for four months of rent. b. On November 1, 2023, Dr. Chan prepaid $156 to renew the clinic's magazine subscriptions. The subscription is for one yea c. On December 1, 2023, Dr. Chan pays $2,025 for supplies. At the end of the year, $1,350 of supplies had not been used. Required: For the above transactions, record the initial journal entry and the adjusting entry required on December 31, 2023Step by Step Solution
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