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Whenthe accounts of Windsor inc. are examined, the adjusting data listed beloware uncovered on December 31 the end of an annual fiscal period The prepaid
Whenthe accounts of Windsor inc. are examined, the adjusting data listed beloware uncovered on December 31 the end of an annual fiscal period The prepaid insurance account shows a debit of 35,904, representing the cost of a 2-year fire insurance poicy dsced August 1 of the current year. 1 2 On November 1 Rent Revenue was credited for $1,719, representing reverue from a subrental for a 3-month period bepinring on that date 3 Purchase of advertising materials for $799 during the year was recorded in the Advertising Expense account. On December 31 advertising materials of $313 are on hand 4 Interest of S02 has accruedan notes payable Prepare the followine in general journal form Creditaccount tities ore automaticaliv irdenterd when amount is entered Dorot indent manoily noentryis reaaired se lect Tp emtry'for the account titles ond enter 0for the amounts (a) The adjusting entry for each item No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. (bl The reversing entryfor cach itemwhere appropriate No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. eTextbook and Media Listof Accounts Attempts: 2 of 3 used
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