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Please help make journal entries for the following question The controller mistakenly recorded the payment of a $100,000 leasehold improvement as rent expense on 7/1/2021.
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make journal entries for the following question
- The controller mistakenly recorded the payment of a $100,000 leasehold improvement as rent expense on 7/1/2021. The lease is for 15 years.
- The company made a sale transacted in bitcoin worth $12,000 for product costing $10,000 in November 2021.
- A one-year business interruption insurance policy was purchased on September 1, 2020 for $7000. The full amount was debited to unexpired insurance at the time.
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