Please answer A, B, and C (Everything)
Prepare journal entries for Iron City's general fund for the following. including any adjusting and closing entries on December 31 , 201 (the end of the fiscal year) Required: a. Acquired a three-year fire insurance policy for $5.400 on September 1,201. Note: If no entry is required for a transection/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the acquisition of the three-year insurance policy in 20x1. Wote: Enter dekits before oredits. b. Ordered new fumiture for the city council meeting room on September 17, 20X1, at an estimated cost of $15,900. The furniture was dellvered on October 1; its actual cost was $15100, its estimated ife is 10 years, and it has no residual value. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the encumbrances for the purchase orders of the new furniture in 201. Bunce: Einter dehits before credits. b. Ordered new fumiture for the city council meeting room on September 17.20X1, at an estimated cost of $15,900. The furniture was delivered on October 1: its actual cost was $15,100, its estimated life is 10 years, and it has no residual value. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the reverse reserve for the furniture recelved in 201. fiote: Enter debits before crealts .Ordered new furniture for the city councll meeting room on September 17, 20X1, at an estimated cost of $15,900. The furniture was delivered on October 1; its actual cost was $15.100, its estimated life is 10 years, and it has no residual value. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the receipt of the furniture at the actual cost in 201. Notei. Enter debits before credits. c. Acquired supplies on November 4,201, for $2.000. Iron City uses the consumption method of accounting. Supplies on hand on December 31,201, were $1,190. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 4 Record the acquisition of supplies in 201. Peote: Enper debits befiore credats. Acquired supplies on November 4, 20X1, for \$2,000. Iron City uses the consumption method of accounting. Supplies on hand on December 31, 20x1, were $1,190. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the entry to recognize the ending inventory of supplies in 201. Note| Enter debits before Gredits. . Acquired supplies on November 4,201, for $2,000. Iron City uses the consumption method of accounting. Supplies on hand on December 31, 20X1, were $1.190. Note: If no entry is required for o transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 1 Record the entry to establish the fund reserve for the ending inventory in 201. :. Acquired supplies on November 4. 20X1, for $2.000. Iron City uses the consumption method of accounting. Supplies on hand on December 31,201, were $1,190. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet
