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Perry Poe operates an event rental business called A-Plus Rentals. The company had the following adjustments for the month of June 2021. Jun 30 Recognized
Perry Poe operates an event rental business called A-Plus Rentals. The company had the following adjustments for the month of June 2021. Jun 30 Recognized $2,160 rent expense used for the month. Jun 30 A monthly magazine subscription was prepaid on June 1, 2021 for $648. By June 30, one issue had been received. Jun 30 Computer depreciation for the month is $700. Jun 30 Salaries for employees accrued by $3,960 by the end of the month. Jun 30 A 30-day contract for the rental of an event tent was started on June 16; the customer will pay $7,340 at the end of the contract next month; accrue the revenue earned by the end of June. Prepare the journal entries for the above transactions. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. Date Account Title and Explanation Debit Credit 2021 Jun 30 Answer Rent Expense Answer 2160 Answer Prepaid Rent Answer 2160 To record rent expense for the month Jun 30 Answer Subscription Expense Answer 648 Answer Prep
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