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The following information is available for Goode Company. Assume that December 31 is the end of its annual accounting period. a. The Prepaid Insurance account
The following information is available for Goode Company. Assume that December 31 is the end of its annual accounting period. a. The Prepaid Insurance account shows a debit balance of exist2, 340. representing the cost of a three-year fire insurance policy that was purchased on October 1 of the current year. b. The Office Supplies account has a debit balance of exist400: a year-end count reveals exist80 of supplies still available. c. On November 1 of the current year. Unearned Rent was credited for exist1.500. This amount represented a prepayment received for a three-month period beginning November 1. d. Depreciation on office equipment is exist600. Required Record the December 31 adjusting entries for the transactions and events a through d
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