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The data below concerns adjustments to be made at the Amsterdam Company. Adjustment data: a. On October 1, 20X1, the firm paid rent of $3,900
The data below concerns adjustments to be made at the Amsterdam Company. Adjustment data: a. On October 1, 20X1, the firm paid rent of $3,900 in advance for a 5-month period.b. A total of $2,900 should be recorded as depreciation of equipment for 20X1. c. On December 31, 20X1, the firm owed salaries of $4,000 that will not be paid until January 20X2. d. On December 31, 20X1, the firm owed the employer's social security (6.2%) and Medicare (1.45%) taxes on all of the accrued salaries. Record the adjusting entries in the general journal as of December 31, 20X1. Record reversing entries in the general journal as ofJanuary 1, 20X2. View transaction list Journal entry worksheet 2 3 4 5 Record adjusting entry to record expired rent, Note: Enter debits before credits. Viktoriya Petrivna
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