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The data below concerns adjustments to be made at Tea Leaf Importers. Adjustments a. On November 1, 20X1, the firm signed a lease for a

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The data below concerns adjustments to be made at Tea Leaf Importers. Adjustments a. On November 1, 20X1, the firm signed a lease for a warehouse and paid rent of $42,000 in advance for a six-month period. b. On December 31,20X1, an inventory of supplies showed that items costing $1,920 were on hand. The balance of the Supplies account was $9,885 c. A depreciation schedule for the firm's equipment shows that a total of $9,750 should be charged off as depreciation in 201. d. On December 31, 20X1, the firm owed solaries of $12,200 that will not be poid until January 202. e. On December 31,20X1, the firm owed the employer's social security (6.2 percent) and Medicare (1.45 percent) taxes on all accrued solaries. f. On September 1, 20X1, the firm received a six-month, 9 percent note for $6,500 from a customer with an overdue balance. Required: 1. Record the odjusting entries in the general journal as of December 31,201. 2. Record reversing entries in the general journal as of January 1,202. Analyze: After the adjusting entries have been posted, what is the balance of the Prepaid Rent account on January 1, 202? Complete this question by entering your answers in the tabs below. Req 1 to 2 Record adjusting entries in the general journal as of December 31,201 and reversing entries as of January 1,202. (Round your answers to 2 decimal places.) Journal entry worksheet On November 1, 20X1, the firm signed a lease for a warehouse and paid rent of $42,000 in advance for a six-month period. Note: Enter debits before credis. Required: 1. Record the adjusting entries in the general journal as of December 31,201. 2. Record reversing entries in the general journal as of January 1,202. Analyze: After the adjusting entries have been posted, what is the balance of the Prepaid Rent account on January 1, 20X2? Complete this question by entering your answers in the tabs below. After the adjusting entries have been posted, what is the balance of the Prepaid Rent account on January 1, 202? Prepaid rom

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