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Shamrock Company prepares annual financial statements. Below are some selected accounts and their balances in the September 30 trial balance before any adjustments have been
Shamrock Company prepares annual financial statements. Below are some selected accounts and their balances in the September 30 trial balance before any adjustments have been made for the year ended September 30,2024. An analysis of the account balances by the company's accountant provided the following additional information: 1. A physical count of supplies revealed $1,210 on hand on September 30. 2. A one-year life insurance policy was purchased on June 1 for $5,760. 3. Office equipment is expected to have a life of five years. Depreciation is recorded monthly. 4. The amount of rent received in advance that remains unearned at September 30 is $910. Prepare the adjusting entries that should be made by Shamrock Company on September 30 . (List all debit entries before credit. entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 125 .)
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