Question: can anyone help can anyoke help Queen & Ace Games (Q&A Games) runs its business from January 1 to December 31 (year-end). On January 1,

can anyone help $can anyone help can anyoke help Queen \& Ace Games (Q\&A$

can anyoke help

$January 1, 2023, Q\&A Games pays $12,000 for a one-year insurance policy$

that covers January 1,2023 to December 31,2023 . Record the journal entries

for the following: 1. Record the initial entry on January 1,2023, when

Queen \& Ace Games (Q\&A Games) runs its business from January 1 to December 31 (year-end). On January 1, 2023, Q\&A Games pays $12,000 for a one-year insurance policy that covers January 1,2023 to December 31,2023 . Record the journal entries for the following: 1. Record the initial entry on January 1,2023, when Q\&A Games pays for the insurance policy. 2. The following are independent situations. Assume Q\&A Games reports using the following accounting periods. a. Monthly (1 month)-Assume Q\&A Games reports on a monthly basis. Record the adjusting journal entry on January 30, 2023. b. Quarterly (3 months)-Assume Q\&A Games reports on a quarterly basis. Record the adjusting journal entry on March 30, 2023. c. Semi-annual (6 months)-Assume Q\&A Games reports on a semi-annual basis. Record the adjusting journal entry on June 30, 2023, d. Annual (12 months)-Assume Q\&A Games reports on an annual basis. Record the adjusting journal entry on December 31,2023. Journal entry worksheet Record monthly adjusting entries for prepaid insurance. Note: Enter debits before credits. Journal entry worksheet Record quarterly adjusting entries for prepaid insurance. Note: Enter debits blfore credits. Journal entry worksheet Record semi-annual adjusting entries for prepaid insurance. Note: Enter debits before credits. Journal entry worksheet Record annual adjusting entries for prepaid insurance. Note: Enter debits before credits

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