Prepayment of Expenses

JDM Inc. made the following prepayments for expense items during the year:

a$.$ Prepaid building rent for $1$ year on April $1$ by paying $$7,668.$ Prepaid rent was debited for the amount paid.

b$.$ Prepaid $12$ months' insurance on October $1$ by paying $$3,984.$ Prepaid insurance was debited.

c$.$ Purchased $$4,320$ of office supplies on October $15,$ debiting supplies for the full amount. There were no office supplies on hand as of October $15.$ Office supplies

costing $$1,085$ remain unused at December $31.$

d$.$ Paid $$528$ for a $12-$month service contract for repairs and maintenance on a computer. The contract begins November $1.$ The full amount of the payment was

debited to prepaid repairs and maintenance.

Required:

Prepare journal entries to record the payment of cash for each transaction. If an amount box does not require an entry, leave it blank.

Apr. $1$

:

Oct. $1$

HW Ch $03$ assignment take frame

Oct. $15$

$($

Nov. $1$

Prepare adjusting entries for the prepayments at December $31.$ If an amount box does not require an entry, leave it blank.

a$.$

Dec. $31$

$1$

b$.$

Dec. $31$

$.$

c$.$

Dec. $31$

$1$

$.$