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Please complete the general journal for questions A-N. h. College Coasters has not yet recorded $190 of office expenses incurred in December on account. i.
Please complete the general journal for questions A-N.
h. College Coasters has not yet recorded $190 of office expenses incurred in December on account. i. The company estimates that the equipment depreciates at a rate of $10 per month. One month of depreciation needs to be recorded. j. Wages for the period from December 2331 are $100 and will be paid on January 15. k. The $540 of Prepaid Rent relates to a six-month period ending on May 31 of next year. 1. The company incurred $700 of income tax but has made no tax payments this year. n. No shrinkage or damage was discovered when the inventory was counted on December 31. 7. The company did not declare dividends and there were no transactions involving common stock. Prepare the journal entries to record the transactions (a) through (n). Review the accounts as shown in the General Ledger and Trial Balance tabs. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)Step by Step Solution
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