NOLA.com paid rent in the amount of $12,000 to cover a one-year period starting on November 1, 2013, Prepaid rent was debited on November 1. What is the adjusting journal entry that should be prepared on December 31: Marlborough Gate Company purchased two trucks on June 30, 2017 for $40,000, Using the straight line method of depreciation calculate Marlborough Gate's depreciation expense for the year ended December 31,2017 A one year insurance policy was purchased on October 1 for $2,400, what journal entry should be made on the date the policy is purchased