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The following adjusting entries were journalized on December 31, 2017. If a reversing entry is needed, journalize the reversing entry on January 1, 2018. Make

The following adjusting entries were journalized on December 31, 2017. If a reversing entry is needed, journalize the reversing entry on January 1, 2018. Make sure to enter the day for each separate transaction.

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Date Account Title Debit Credit Dec. 31 Deferred Advertising 880 Advertising Revenue 880 31 Taxes Expense 1,750 Taxes Payable 1,750 31 Insurance Expense 890 Prepaid Insurance 890

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