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Some of values are wrong in my question. please help me to resolve this. Dr. Erica Chan, MD owns EC Health Clinic. She prepares annual
Some of values are wrong in my question.
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 $6,700 for four months of rent. b. On November 1, 2023. Dr. Chan prepaid $348 to renew the clinic's magazine subscriptions. The subscription is for one year. c. On December 1, 2023, Dr. Chan pays $3,300 for supplies. At the end of the year, $2,200 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. c. b please help me to resolve this.
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