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This is for accounting, your help will be greatly appreciated! Thank you so much! I will give a thumbs up Question 27 of 36 -
This is for accounting, your help will be greatly appreciated! Thank you so much! I will give a thumbs up
Question 27 of 36 - / 1.5 E View Policies Current Attempt in Progress At December 31, 2022 before any year-end adjustments, Metlock, Inc. Prepaid Insurance account had a balance of 55220. It was determined that $2340 of the Prepaid Insurance had expired. The adjusted balance for Insurance Expense for the year would be O $2340. $5220 O $2520. O $2880 Save for Later Attempts: 0 of 1 used Submit Answer > -/5 III Question 31 of 36 View Policies Current Attempt in Progress For each of the following accounts indicate the effect of a debit or a credit on the account and the normal belance Debit Credit Normal Balance 1 Salaries and Wages Payable 2 Unearned Service Revenue 3. Rent Revenue 4. Prepaid Insurance 5. Avertising Expense Increase Save for Later Attempts: 0 of 1 used Submit Answer -18 Cash 440 395 Question 30 of 36 Question 33 of 36 -/12 Prepare year-end adjustments for the following transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter for the amounts.) 1 Accrued interest on notes receivable is $30. $1.080 of uneamed service revenue should be recognized as revenue. 3. Three years' rent, totaling $48,600, was paid in advance at the beginning of the year. Services totaling $3,142 had been performed but not yet billed at the end of the year. Depreciation on equipment totaled $7.020 for the year. 6. Supplies purchased totaled $918. By year end only $270 of supplies remained Salaries owed to employees at the endof the year total $1.034. 2 5. 7 Debit Credit No. Account Titles and Explanation Interest Expense 1. 30 Accounts Payable 30 2. Unearned Service Revenue 1080 Service Revenue 1080 3. Prepald Rent 4. 5. 6. 7Step by Step Solution
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