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need 1-5 please Below are transactions for a company during 2024. 1. On December 1, 2024, the company received $2,900 cash from a company that
need 1-5 please
Below are transactions for a company during 2024. 1. On December 1, 2024, the company received $2,900 cash from a company that rents office space from the company. The payment, representing rent for December and January, was credited to Deferred Revenue on December 1. 2. The company purchased a one-year property insurance policy on July 1,2024 , for $11,880. The payment was debited to Prepaid insurance for the entire amount on July 1. 3. Employee salaries of $1,900 for the month of December will be paid in early January 2025. 4. On November 1, 2024, the company borrowed $9,500 from a bank. The loan requires principal and interest at 12% to be paid on October 30, 2025. 5. Office supplies at the beginning of 2024 totaled $890. On August 15 , the company purchased an additional $2,300 of office supplies, debiting the Supplies account. By the end of the year, $390 of office supplies remains. Required: Record the necessary adjusting entries at December 31, 2024, for the company. You do not need to record transactions made during the year. Assume that no financial statements were prepared during the year and no adjusting entfies were recorded. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) Journal entry worksheet 2345 On December 1,2024 , the company received $2,900 cash from a company that rents office space from the company. The payment, representing rent for December and January, was credited to Deferred Revenue on December 1 . Record the adjusting entry for deferred Note: Enter debits before credits Step by Step Solution
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