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Please I have no idea. HELPPPPPPP. My professor wants Increasing or DeacrisingaND DEBIT OR CRETIT COMMENtS What accounts are involved? What is the classifcation of

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Please I have no idea. HELPPPPPPP. My professor wants Increasing or DeacrisingaND DEBIT OR CRETIT COMMENtS

What accounts are involved? What is the classifcation of each account? Is the account value increasing or decreasing? On what side does the account increase or decrease?

GENERAL JOURNAL
Date Accounts and Explanation Debit Credit
E3-22 Journalizing adjusting entries Lear Consider the following independent situations at December 31: a. On October 1, a business collected $3,000 rent in advance, debiting Cash and crediting Unearned Revenue. The tenant was paying one year's rent in advance. On December 31, the business must account for the amount of rent it has carned b. Salaries expense is $1,800 per day-Monday through Friday-and the business pays employees each Friday. This year, December 31 falls on a Thursday. c. The unadjusted balance of the Office Supplies account is $3,000. Office supplies on hand total $1,900. d. Equipment depreciation was $500. e. On April 1, when the business prepaid $4,320 for a two-year insurance policy, the business debited Prepaid Insurance and credited C Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries. Decenbes e journal ented

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