WRetufh t8 2ourse Question 2 Not cormplece Marked out of 10.00 PRag question Adjusting Entries Selected accounts of Ideal Properties Inc., a real estate management firm, are shown below as of January 31, before any adjusting entries have been made Debit Credit Prepaid insurance $6.840 Supplies Office equipment 2.100 6.240 Unearned rent revenue Salaries expense 5.550 3.250 Rent hevenue 16.000 Monthly financial statements are prepared. Using the following information, record in a general journal the adjusting entries necessary on January 31: a Prepaid Insurance represents a three-year premium paid on January 1 b. Supplies of $975 were on hand January 31. C office equipment is expected to last eight years. Depreciation is recorded monthly. d. On January 1, the firm collected six months' rent in advance from a tenant renting space for $925 per month e Accrued salaries not recorded as of January 31 are $510 Round your answer to the nearest dollar. Generai Journal Debit Credit Date Description a. jen 31 To record january insurance expense b. lan 31 To recond january supplies expense elan31 TO record january depreciation on office equipment dan3r To recondoortion of advariet rent earned injanuary e Jen 31 Tocoro accrued salarier a January 31, Prepaid Insurance represents a three-year premium paid on January 1. a. b. Supplies of $975 were on hand January 31. c. Office equipment is expected to last eight years. Depreciation is recorded m d. On January 1, the firm collected six months' rent in advance from a tenant r e. Accrued salaries not recorded as of January 31 are $510 Round your answer to the nearest dollar General Journal Description Date Debit Credit a. Jan.31 $ S To record January Insurance expense. b. Jan.31 To record January supplies expense. C Jan.31 To record January depreciation on office equipment. d. Jan.31 To record portion of advance rent earned in January. e. Jan.31 To record accrued salaries at lanuary 31: beck G Previous Save Answers 48 d. On January 1, the firm collected six months' rent in advance from a tenant r e. Accrued salaries not recorded of January 31 are $510 as Round your answer to the nearest dollar. General Journal Description Date Debit Credit a. Jan.31 $ To record January Insurance expense. b. Jan.31 To record January supplies expense. C. Jan.31 To record January depreciation on office equipment. d. Jan.31 To record portion of advance rent earned in January e Jan.31 To Accumulated Depreciation-Office Equipment Depreciation Expense-Office Equipment Insurance Expense theck Office Equipment Prepaid Insurance Rent Expense Rent Revenue 3 Previo Salarles Payable Salaries Expense Supples SUpplies Excense Unearneo Rent Revenue