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PLEASE answer 1a-c, 2a-c, 3, & 4 THANK YOU 1 Action Corporation resides in Florida which can experience hurricanes. On March 1, Action Corporation pays

PLEASE answer 1a-c, 2a-c, 3, & 4

THANK YOU

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1 Action Corporation resides in Florida which can experience hurricanes. On March 1, Action Corporation pays $36,000 ($3,000/month) for one year of hurricane insurance 16.66 points Required: 1.&2. Record the necessary entries in the Journal Entry Worksheet below. 3. Calculate the year-end adjusted balances of Prepaid Insurance and Insurance Expense (assuming the balance of Prepaid Insurance at the beginning of the year is $0). 8 03:56:33 eBook Complete this question by entering your answers in the tabs below. Print Required 1 and 2 Required 3 Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) References View transaction list Journal entry worksheet Record the purchase of insurance on March 1. Note: Enter debits before credits. General Journal Debit Credit Date March 01 Record entry Clear entry View general Journal Complete this question by entering your answers in the tabs below. Required 1 and 2 Required 3 Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record adjusting entry on December 31. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Required 1 and 2 Required 3 Calculate the year-end adjusted balances of Prepaid Insurance and Insurance Expense (assuming the balance of Prepaid Insurance at the beginning of the year is $0). Ending Balance Prepaid insurance Insurance expense 2 Cedar Rental is an car rental service located in lowa. Cedar Rental rents a vehicle to a customer for three months on November 1. The customer pays Cedar Rental a total of $6,000 ($2,000/month). Required: 16.66 points 03:53:26 1.&2. Record the necessary entries in the Journal Entry Worksheet below. 3. Calculate the year-end adjusted balances of the Deferred Revenue and Service Revenue accounts (assuming the balance of Deferred Revenue at the beginning of the year is $0). eBook Complete this question by entering your answers in the tabs below. Print Required 1 and 2 Required 3 Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) References View transaction list Journal entry worksheet 1 2 > Record the vehicle rental from Cedar Rental on November 1. Note: Enter debits before credits Date General Journal Debit Credit November 01 Record entry Clear entry View general Journal Record adjusting entry on December 31. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Record entry Clear entry View general journal Required 1 and 2 Required 3 Calculate the year-end adjusted balances of the Deferred Revenue and Service Revenue accounts (assuming the balance of Deferred Revenue at the beginning of the year is $0). Ending Balance Deferred revenue Service revenue

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