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Required information (The following information applies to the questions displayed below Quintan Cohen, Inc., publishers of movie and song trivia books, made the following errors
Required information (The following information applies to the questions displayed below Quintan Cohen, Inc., publishers of movie and song trivia books, made the following errors in adjusting the accounts at year-end (December 31 a. Did not accrue S1600 owed to the company by another company renting part of the building as a storage facility b. Did not record $15100 depreciation on the equipment costing $117000 Failed to adjust the Uneamed Fee Revenue account to reflect that $1100 was earned by the end of the year d. Recorded a full year of accrued interest expense on a $13.200, 12 percent note payable that has been outstanding only since November 1 Failed to adjust Prepaid Insurance to reflect that 5670 of insurance coverage had been used 1-b. Prepare the adjusting journal entry that should have been made at year-end. (Do not round intermediate calculations. If no entry is made for a transaction/event, select "No journal entry made" in the first account field.) Credit General Journal Debit 1.600 Rent recevable Ront revine 1.600 15.100 2 Depreciation experte Accumulated depreciation 15.100 > 1.100 3 c Unearned fee revenue Fee revenue 1,100 1,320 4 d Interest payable Interest expense 1,320 670 5 670 Insurance experte Prepaid insurance
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