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Please help me complete this! I have been struggling for a while, and mainly I need the answer! Give correct answer kudos! You have been

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Please help me complete this! I have been struggling for a while, and mainly I need the answer!
Give correct answer kudos!
You have been hired as a new accountant for The Ecosse Company. Your first assignment is to determine the adjusting entries required for Ecosse on 12/31/2020 in order to ensure that the account balances that will be used in the financial statements are accurate and up-to-date. Required: Show the adjusting entries that you would make given the additional data below. In addition to the formal journal entry, please also indicate the type of adjusting entry that is being made. ADJUSTING ENTRY #1: The balance in the prepaid insurance account prior to adjustment was $4,800. Insurance expired during the year amounted to $2.000. ADJUSTING ENTRY #2: Bad debts for the year are estimated to be $2.800. The Allowance for Uncollectible Accounts prior to adjustment has a $1.000 debit balance. ADJUSTING ENTRY #3: Subscriptions of $18,000 received on October 1 (for a 12 month subscription) were credited to Sales Revenue. ADJUSTING ENTRY #4: On July 147, rent of $36,000 was paid in advance for a month period. This amount was recorded as Rent Expense on July 1st, ADJUSTING ENTRY #5: A 5%, 6 month note receivable was received from a customer on November 15. The face value of the note was $10,000. Hint: Only focus on the interest, not the note. The 6 month amount is: 5% x $10,000 x 6/12). Round to two decimal places

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