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Revenue. Prepare the adjusting entries at December 31 assuming that adjusting entries are made monthly. Use additional accounts as needed. Use Dr. and Cr. for
Revenue. Prepare the adjusting entries at December 31 assuming that adjusting entries are made monthly. Use additional accounts as needed. Use Dr. and Cr. for Debit and Credit respectively. Adjusting Entry 1 Dr. Cr. Adjusting Entry 2 Dr. Cr. Adjusting Entry 3 Dr. Cr. Adjusting Entry 4 Dr. Cr. The ledger of PSH company December 31, 2021, includes the selected accounts below before adjusting entries have been prepared. Debit Credit $60,000 Notes Payable Prepaid Rent $4,800 Buildings 200,000 120,000 Accumulated Depreciation Buildings Unearned Service Revenue 12,000 An analysis of the company's accounts shows the following. The notes payable pays interest at a rate of 4% per year. The balance in Prepaid Rent represents 3 months of rent costs. Depreciation on buildings is $7,200 per year. . During the month, the company satisfied obligations worth $5,000 related to the Unearned Services Revenue. Prepare the adjusting entries at December 31 assuming that adjusting entries are made monthly. Use additional accounts as needed. Use Dr. and Cr. for Debit and Credit respectively. Adjusting Entry 1 Dr
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