Question
The following is a partial unadjusted Trial Balance. Bravo Unlimited Unadjusted Trial Balance (partial) 3/31/16 Accounts Debit Credit Cash $27,500 Prepaid Expenses 2,800 Accounts Payable
The following is a partial unadjusted Trial Balance.
Bravo Unlimited | ||
Unadjusted Trial Balance (partial) | ||
3/31/16 | ||
Accounts | Debit | Credit |
Cash | $27,500 |
|
Prepaid Expenses | 2,800 |
|
Accounts Payable |
| $15,000 |
Office Rent Expense | 1,200 |
|
Machine Rent Expense | 1,400 |
|
Bravo pays office rent at the beginning of each month of occupancy. The beginning balance of Prepaid Expenses account on March 1, 2016 was $700 and was for one month of machine rent. Machine rent is paid in advance at the end of each quarter. Use this information to prepare the General Journal entry (without explanation) for the required end of the month adjustment. If no entry is required then write "No Entry Required."
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