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Journalize the selected transactions from 2022 with explanations. 1-Feb Paid annual rent starting February 1st totalling $12,000. 30-Apr Borrowed $20,000 cash from Santa Monica Bank
Journalize the selected transactions from 2022 with explanations. 1-Feb Paid annual rent starting February 1st totalling $12,000. 30-Apr Borrowed $20,000 cash from Santa Monica Bank at 9% interest, principal and interest payable in 12 months. #**** Purchased office supplies on account for $900. 1-Nov Paid $2,400 for a two year insurance policy. 3-Dec Received an advance of $6,000 from a customer. StJohn, Inc Journal Entries 2022 Date Feb Credit Debit $ 12,000 Prepaid Rent Cash To record payment of 12 months rent. $ 12,000 April 30 To record To record To record To record flame rata ha nanaman and Hea tha in Alente abore G K K The following items are to be adjusted as of December 31, 2022 yearend. Use the journal entries above when necessary. Explanations are required. (A) Adjust the expired portion of prepaid rent. (B) Accrue interest on 4/30/2022 bank loan. (C) Office supplies had a beginning balance of $550 and unused supplies of $750 at yearend. (D) Adjust the expired portion of prepaid insurance. (E) Analysis shows that $2,500 of the unearned revenue is now earned. (F) Accrued salaries as of the yearend are $2,100. Depreciation of equipment for the year is $500 2021 Date Dec. 31 Credit StJohn, Inc Adjusting Journal Entries Ref. Debit Rent Expense (A) $ 11,000 Prepaid Rent To expense 11 months of rent at $1,000 per month. $ 11,000 To.. To ... A B c DE F G H K To To ... To ... . To ... This is the only GLT account supplied for these journal and adjusting journal entries. DR Office Supplies CR bb 13-Sep 31-Dec $ AJE (C) 31-Deo $
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