Question
REQUIRED: Prepare general journal entries on December 31 to record the following unrelated year-end adjustments 1 The company has ten office employees who each
REQUIRED: Prepare general journal entries on December 31 to record the following unrelated year-end adjustments 1 The company has ten office employees who each eam $100 per day for a five-day workweek that ends on Friday. The employees were paid on Friday, December 27, and have worked full days on Monday and Tuesday, December 30,31 2 On October 31, the company received 6 months' rent in advance from a tenant amount, $4,200 3. The company collects rent monthly from its tenants. One tenant whose rent is $4,000 per month has not paid his rent for December 4 Estimated straight line depreciation on office equipment costing $80,000, 10-year afe, no residual value for the year, should be recorded. 5 The insurance expense account was debited for $3,680 during the year. An examination of insurance policies shows $1.350 of insurance expired Insurance paid during the year amounted to $2,400. An examination of insurance policies at year end shows $800 of unpredic
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