Jurassic Jumpers Co. (J J Co.) offers bungee jumping for those looking for an extreme outing. JJ Co. prepares annual financial statements and has a December 31, 2023 year-end. a. On April 1, 2023, JJ Co. took out a five-year, $890,000 bank loan with an interest rate of 3%. Interest expense is paid on the first day of each month. b. On July 1, 2023, J.J Co. issued a two-year, $70,000 Note Receivable with an interest rate of 4%. Interest income will be collected on January 1 and July 1 of each year. c. On December 15, 2023, JJ Co. took a university student dub bungee jumping for $2,750. The student club was invoiced on December 31,2023 and paid JJ Co. on January 15, 2024. Required: Record the adjusting journal entries at December 31, 2023. Splish Splash Art is a centre that offers children's music and dance lessons. Splish Splash prepares annual financial statements and has a December 31, 2023, year end. a. On September 1, Splish Spash Art collects $16,800 cash for dance lessons running from September 1, 2023 to December 31,2023. b. On October 1, Splish Splash Art collects $6,200 cash in advance from the Music Box Inc. (\$3,100 per month) to rent its performance stage for the full month of December 2023 and January 2024 c. On October 1, 2023, Splish Splash Art collects $9.800 cash for four months of music lessons for a local private school. The lessons run from October 1, 2023 to January 31, 2024. Required: For the above transactions, record the initial journal entry and the adjusting entry required on December 31,2023 a. Journal entry worksheet Record cash received in advance for future dance lessons. b. On October 1 , Splish Splash Art collects $6,200 cash in advance from the Music Box Inc. (\$3,100 per month) to stage for the full month of December 2023 and January 2024. c. On October 1, 2023, Splish Splash Art collects $9,800 cash for four months of music lessons for a local private run from October 1, 2023 to January 31,2024. Required: For the above transactions, record the initial journal entry and the adjusting entry required on December 31, 2023. a. Journal entry worksheet Record annual adjusting entries for earned revenue received in advance, Note: Enter debits before credits. Arrow Hospitality prepares adjustments monthly and showed the following at September 30,2023 : Additional information available for the month ended September 30, 2023: a. Interest of $156 had accrued on the notes payable for the month of September. b. The office furniture was acquired on September 1, 2023, and has an estimated four-year life. The furniture will be sold for about $1,800 at the end of its four-year life. c. A count of the Repair Supplies revealed a balance on hand of $680. d. A review of the Prepaid Rent account showed that $10,000 had been used during September. e. Accrued wages of $2,700 had not been recorded at month-end. f. The September Internet bill for $100 had been received and must be paid by October 14. g. Accrued revenues of $6,000 were not recorded at September 30. Mean Beans, a local coffee shop, has the following assets on January 1, 2023. Mean Beans prepares annual financial statements and has a December 31,2023 year-end. The company's depreciation policy is to use the straight-line method to depreciate its assets. a. On January 1, 2023, purchase equipment costing $15,400 with an estimated life of five years. Mean Beans will scrap the equipment after five years for $0. b. On July 1,2023 , purchase furniture (tables and chairs) costing $15,500 with an estimated life of ten years. Mean Beans estimates that it can sell the furniture for $3,500 after ten years. c. On January 1, 2021, Mean Beans had purchased a car costing $29,500 with an estimated life of eight years. Mean Beans estimates that it can sell the car for $5,900 after eight years. Required: 1-a. For each transaction, calculate the current year's annual depreciation expense. 1-b. For each transaction, record the adjusting entry on December 31, 2023. Journal entry worksheet Record annual depreciation on equipment. Note: Enter debits before credits. 2. For the car, determine the accumulated depreciation as of December 31,2023 3. For the car, determine the book value as of December 31.2023, Dr, Erica Chan, MD owns. ECHealth 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 dinic's magazine subscriptions. The subscription is for one year. c. On December 1,2023 . Dr. Chan pays $2,025 for supplies. Al 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 31,2023. a. Journal entry worksheet 2 Record a prepaid magazine subscription. Wote: Enter debits before credits. Journal entry worksheet Record the expiration of the magazine subscriptions. Note: Enter debits before credits. Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Selartad n. Additional Information as of December 31 Telo Job Completion at Year-End ABX Job Completion at Yoar. Fnd Supplies Remaining at Year-End Wages Earned By Workers but not yet Paid at Year-End 1. Record (a) the prepayment of insurance on December 1 and (b) the adjusting journal entry for prepaid insurance on December 31. 2. Record (a) the advance payment from ABX and (b) the adjusting journal entry to unearned revenue on December 31. Complete this question by entering your answers in the tabs below. Record (a) the prepayment of insurance on December 1 and (b) the adjusting journal entry for prepaid insurance on December 31. Journal entry worksheet Complete this quicstion by emtering your answers in the tabs below. Record (a) the prepayment of insurance on December 1 and (b) the adjusting journal entry for prepaid insurance on December 31. Journal entry worksheet Record the insurance coverage that expired. Note: Enter debits before credits