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QUESTION 6 Jonah Company prepares annual financial statem ents. Below are listed some sel ected accounts and their balances in the September 30 trial balance

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QUESTION 6 Jonah Company prepares annual financial statem ents. Below are listed some sel ected accounts and their balances in the September 30 trial balance before any adjustments have been made for the year ended September 30, 2017. 10 MARKS JONAH COMPANY Trial Balance (Se lected Accounts) September 30, 2017 Debit Credit Office Supplies. $2,700 Prepaid Insurance 5,400 Office Equipment... 16,200 Accumulated Depreciation-Office Equipment.. 6,480 Unearned Rent Revenue.... 1,200 (Note: Debit column does not equal credit column because this is a partial listing of selected account balances.) An analysis of the account balances by the company's accountant provided the following additional information: 1. A physical count of office supplies revealed $1,200 on hand on September 30. Answer all questions in your examination booklet. No answers marked on this examination paper will be considered. 2. A one-year life insurance policy was purchased on June 1 for $5,400. Office equipment is expected to have a life of 5 years. Depreciation is recorded monthly 3. The amount of rent received in advance that remains uneamed at September 30 is $500. 4. Instructions Prepare the adjusting entries that should be made by Jonah Company on September 30

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