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please see the attached photo. please make the adjusting entries with computations. 1. Your business is renting a space. Then monthly rental is 120,000, In

image text in transcribed

please see the attached photo.

please make the adjusting entries with computations.

image text in transcribed
1. Your business is renting a space. Then monthly rental is 120,000, In December 2020, the rent for the months of November and December 2020 are not yet paid. What is the adjusting entry? 2. A business receives the electricity bill for the period amounting to 6.000. What is the entry to record the receipt of the bill prior to its payment? 3. On January 1. 2021, your business acquires a computer equipment for 120.000. You expect to use the computer over next 3 years. What Is the adjusting entry on December 31. 2021 to take up the depreciation expense? Your business has accounts receivable of 300.000. You estimated that out of that anipunt. 10 % Is doubtful of collection. What is the adjusting entry to record the doubtful accounts? 5. Your business is renting out properties, On June 1, 2020, your business receives one year advanced rent of 360,000 form one of your tenants, This advance rent covers the months of June 1. 2020 to May 2021. Provide the adjusting entries on December 31. 2020. 6. Your business pays one year insurance of 360,000 on November 1, 2020 Provide the adjusting entries on December 31, 2020

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