Quiz: Midterm Exam Question This Quic: 105 la possible Submit Quit Joumalize the adjusting entry needed at December at forcach of the following conditions Click the icon to view the situations.) a. Record the transaction for med renovere med (Round your answer to the rest whole dollar. Record debits first, the credits Select the plant on the last one of the journal entry table Journal Entry Accounts Debit Credit b. Record the reversed but not yet received Journal Entry Accounts Debit Credit Tim Romaining:02 0332 Next 000 48 22/01/20 o This Quiz: 105 pts possible Sub Joumalize the adjusting entry needed at December 31 for each of the following independent situation, (Click the icon to view the situations.) b. Record the interest revenue earned, but not yet received Journal Entry Accounts Debit Credit b. c. Record the employee satarkes owed Journal Entry Accounts Debit Credit Time Remaining: 02:05:20 Dons.) c. Record the employee salaries owed. Journal Entry Accounts Debit Credit d. Record the amortization Journal Entry Accounts Debit Credit Time Remaining: C d. Record the amortization Journal Entry Accounts Debit Credit d. e. Record the insurance expense. (Round your answer to the nearest whole dollar) Journal Entry Time Ren ICR the icon to view the situations.) e. Record the insurance expense. (Round your answer to the nearest whole dollar.) Journal Entry Accounts Debit Credit f. Record the interest expense owed. Journal Entry Accounts Debit Credit Time Journalize the adjusting entry needed at December 31 for each of the following independent situations (Click the icon to view the situations.) 1. g. Record the adjustment to the supplies account. Journal Entry Accounts Debit Credit g. Time Remaining Question 6 This Quiz: 105 pls possible Submit Qu ting entry needed to view the situ - 1 More Info Accounts a. On May 1, when we collected $52,000 rent in advance, we debited Cash and credited Unearried Rent Revenue The tenant was paying the year's rent in advance. Al December 31, we must account for the amount of rent wo have earned b. Interest revenue of $3,800 has been cared but not yet received on a $65,000 note receivable held by the business c. Salary expense is $9,100 per day Monday through Friday--and the business pays employees each Friday. This year December 31 falls on a Wednesday, d. Equipment was purchased last year at a cost of $325,000. The equipment's useful life is five years. It will have no value after five years. Record the year's amortization e. On November 1, when we paid $6,000 for a one-year insurance policy, we debited Prepaid Insurance and credited Cash f. The business owes interest expense of $8,800 that it will pay early in the next period. g. The unadjusted balance of the Supplies account is $18,500. The total cost of supplies remaining on hand on December 31 is $7,500 et revenue carne Accounts Print Done