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Please make the following journal entries with explanation Question: Service Revenue was credited for $900 on June 1, 2020. The amount represents a one-year advance

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Question: Service Revenue was credited for $900 on June 1, 2020. The amount represents a one-year advance payment by a customer 0 for services to be performed by Company through May 31, 2021. Provide the adjusting journal entry that company must make on December 31, 2020, the end of the fiscal year, Question: The supplies inventory on August 1, 2020 was $9,350. Supplies costing $24,150 were acquired during the year and charged to the supplies inventory A count on July 31, 2021 indicated supplies on hand of $8,810. Provide the adjusting journal entry that would be made on July 31, 2021 the end of the fiscal year 3 Question: On May 1, company collected $20,000 as rent for one year from a tenant and a liability account was credited, Provide the adjusting journal entry that would be made on July 31.2021. the end of the fiscal year Question: An insurance policy for two years was acquired on April 1, 2020 for $24.000 in cash. Provide the adjusting journal entry that company must make on December 31, 2020, the end of the fiscal year. 6 Question: Company purchased land for $72.000 cash. Real estate brokers' commission was $5.000 and $7.000 was spent for demolishing an old building on the land before construction of a new building could start. Under the cost principle, provide journal entry for recording the aquisition cost of land

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