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please help with this question.thank you. Service Pro Corporation (SPC) is preparing adjustments for its September 30 year-end. For the following transactions and events, show
please help with this question.thank you. Service Pro Corporation (SPC) is preparing adjustments for its September 30 year-end. For the following transactions and events, show the September 30 adjusting entries SPC would make (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) a. Prepaid insurance shows a balance of zero at September 30, but Insurance Expense shows a debit balance of \$2,340, representing the cost of a three-year fire insurance policy purchased on September 1 of the current year. b On August 31 of this year, Cash was debited and Service Revenue was credited for $1,500. The $1,500 related to fees for a threemonth period beginning September 1 of the current year c. The company's income tax rate is 20%. After making the above adjustments, Service Pro Corporation's net income before tax is $10,000 No income tax has been paid or recorded
please help with this question.thank you.
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