M4-4 (Static) Recording Adjusting Entries (Deferred Accounts) 104-1 Forsch of the following transactions through for Catenas Marcing Company protesting ty The process includes in determining the wiseamed or an expense was incurred, determining the cathed or do pastor will be received or paid in the future, and computing the amount of the adjustment no entry is required for transaction event, select "No journal entry required in the first court fald Collected $1.200 rent for the period December to the current year to Apellorest year which was credited to come Revenue on Decembert b. Purchased in machine for $22.000 cash on January. The company manual depreciation at 51200 c. Pald 55.000 for a two year insurance premium only to the current year, debited Preparate for that mort Journal entry worksheet 1 3 > Record the adjusting journal entry for the year ended here to runt Som Chewtry C D M (hp)