Question: asking for reversing entry only Shan Attempt Hasory Current Attempt in Progress A review of the acoounts of Teal Mountain Accountants reflected the following transactions,


Shan Attempt Hasory Current Attempt in Progress A review of the acoounts of Teal Mountain Accountants reflected the following transactions, which may require adjustment for the year ended December 31.2023. 1. The Prepald Rent account shows a debit of $10,800 paid October 1,2023 , for a one-year lease that started on that day 2. On November 1, 2023, Service Revenue was credited for $2,200 that was paid by a client for audit services to be performed in January 3. On June 1,2023, a cheque in the amount of $14,400 wasissued for a two-year insurance policy starting on June 1, 2023. The amount was charged to tnsurance Expense. 4. $36000 was recelved, and recorded as a note payable on July 1, 2023. it matures on July 1, 2024, and has an interest rate of 1005 when amodnt is entered Do not insent monually. If no entry is tequired, select "No Entry" for the occount elites and enter 0 for the amountsu Prepace the reversing entry for each item, where appropriate. (list oll dehit entries before credit entriex, Credit account nitier are outamaticolV indented when amsunt is entered. Do not indent manualik If no entry is required, select "No Entry" for the account vites and mier Ofor the amvunts
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