Read the description of following adjustments that are required at the end of the accounting period for Paulo Consulting Services. Record the necessary journal entries required at the end of January. (Round your answers to the nearest whole dollar.) A. Equipment was purchased on January 1, 2019, for $49,770 and has an estimated useful life of 5 years with a salvage value of 4,270. Depreciation is computed using the straight-line method. B. Signed a 5-month contract for $5,490 of prepaid advertising on January 1, 2019 C. Prepaid rent for the year on January 1, 2019, in the amount of 22,560. D. Purchased supplies for $4,200 on January 1, 2019. Inventory of supplies was $2,850 on January 31, 2019 View transaction list Journal entry worksheet 2 4 Equipment was purchased on January 1, 2019, for $49,770 and has an estimated useful life of 5 years with a salvage value of 4,270. Depreciation is computed using the straight-line method Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Read the description of following adjustments that are required at the end of the accounting period for Paulo Consulting Services Record the necessary journal entries required at the end of January. (Round your answers to the nearest whole dollar.) A. Equipment was purchased on January 1, 2019, for $49,770 and has an estimated useful life of 5 years with a salvage value of 4,270. Depreciation is computed using the straight-line method. B. Signed a 5-month contract for $5,490 of prepaid advertising on January 1, 2019. C. Prepaid rent for the year on January 1, 2019, in the amount of 22,560. D. Purchased supplies for $4,200 on January 1, 2019. Inventory of supplies was $2,850 on January 31, 2019. View transaction list Journal entry worksheet 2 4 Signed a 5-month contract for $5,490 of prepaid advertising on January 1, 2019. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Read the description of following adjustments that are required at the end of the accounting period for Paulo Consulting Services. Record the necessary journal entries required at the end of January. (Round your answers to the nearest whole dollar) A. Equipment was purchased on January 1, 2019, for $49,770 and has an estimated useful life of 5 years with a salvage value of 4,270 Depreciation is computed using the straight-line method. B. Signed a 5-month contract for $5,490 of prepaid advertising on January 1, 2019. C. Prepaid rent for the year on January 1, 2019, in the amount of 22,560. D. Purchased supplies for $4,200 on January 1, 2019. Inventory of supplies was $2,850 on January 31, 2019 View transaction list Journal entry worksheet Prepaid rent for the year on January 1, 2019, in the amount of 22,560 Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Read the description of following adjustments that are required at the end of the accounting period for Paulo Consulting Services. Record the necessary journal entries required at the end of January. (Round your answers to the nearest whole dollar.) A. Equipment was purchased on January 1, 2019, for $49,770 and has an estimated useful life of 5 years with a salvage value of 4,270 Depreciation is computed using the straight-line method. B. Signed a 5-month contract for $5,490 of prepaid advertising on January 1, 2019. C. Prepaid rent for the year on January 1, 2019, in the amount of 22,560. D. Purchased supplies for $4,200 on January 1, 2019. Inventory of supplies was $2,850 on January 31, 2019 View transaction list Journal entry worksheet 2 4 Purchased supplies for $4,200 on January 1, 2019. Inventory of supplies was $2,850 on January 31, 2019 Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
