S3-7 (similar to) - HW Score: 0%, 0 Question Answer the following questions about prepaid expenses a. On October 1, Paradise Tree Service prepaid $3,000 for six months rent. Give the adjusting entry to record rent expense at October 31, include the date of the entry and an explanation Then post amounts to the two accounts involved and show the balances at October 31. Paradise adjust the accounts only at October 31, the end of its fiscal year b. On October 1, Paradise Tree Service paid $950 for supplies. At October 31, Paradise has 5400 of supplies on hand. Make the required journal entry at October 31. The post at amounts to the acco show their balances at October 31. Assume no beginning balance in supplies a. On October 1, Paradise Tree Service prepaid $3,000 for six months' rent Give the adjusting entry to record rent expense at October 31 include the date of the entry and an explanation The post amounts to the two accounts involved, and show their balances at October 31 Paradise adjust the accounts only at October 31, the end of its focal year Prepare the adjusting journal entry to repord the rent expense at October 31. (Record desist the credits Select the explanation on the last ine of the puna erytobie Journal Entry Date Accounts and explanations Debit Credit Oct 31 Choose from any list or enter any number in the input fields and then click Check Answer Check Answer Clear All 3 parts remaining Jurecki project doo MG 7972/09 AN A Type here to search BI DELL