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Assignment KCa $4-4.$JPG

$43$

KCa $4-4$ Record Adjusting Entries

Record the necessary adjusting entries for each of the following four circumstances on January $31.$

On January $4,$ an insurance policy covering the next twelve months was purchased for $$2,400.$

On January $17,$ a customer pays $$4,500$ in advance of services being provided. As of January $31,$$$1,800$ of these services have not yet been earned.

Employees work a five$-$day workweek, earn a total of $$2,400$ each week, and are paid for each week's work on Friday. January $31$ of the current year falls on a Thursday. $q,$

$q,$

During January, the company performed services totaling $$3,900$ for which customers had not yet been billed as of January $31.$

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