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S Exercise 3-4 Preparing adjusting entries (annual)-prepaid expense LO4 Dr. Erica Chan, MD owns EC Health Clinic. She prepares annual financial statements and has a

S Exercise 3-4 Preparing adjusting entries (annual)-prepaid expense LO4 Dr. Erica Chan, MD owns EC Health Clinic. She prepares annual financial statements and has a December 31, 2023 year-end. a. On October 1, 2023, Dr. Chan prepaid $6,600 for four months of rent. b. On November 1, 2023, Dr. Chan prepaid $336 to renew the clinic's magazine subscriptions. The subscription is for one year. c. On December 1, 2023, Dr. Chan pays $3,225 for supplies. At the end of the year, $2,150 of supplies had not been used. Required: For the above transactions, record the initial journal entry and the adjusting entry required on December 31, 2023.

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Answer all a,b and in table format as soon as possible please.

Journal entry worksheet Record the purchase of supplies. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Record prepaid rent. Note: Enter debits before credits. Journal entry worksheet Record the expiration of the magazine subscriptions. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Exercise 3-4 Preparing adjusting entries (annual)-prepaid expense LO 4 Dr. Erica Chan, MD owns EC Health Clinic. She prepares annual financial statements and has a December 31, 2023 year-end. a. On October 1,2023 , Dr. Chan prepaid $6,600 for four months of rent. b. On November 1, 2023, Dr. Chan prepaid $336 to renew the clinic's magazine subscriptions. The subscription is for one year. c. On December 1, 2023, Dr. Chan pays $3,225 for supplies. At the end of the year, $2,150 of supplies had not been used. Required: For the above transactions, record the initial journal entry and the adjusting entry required on December 31, 2023. a. Journal entry worksheet

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