Question: Could use some help please! Service Pro Corporation (SPC) is preparing adjustments for its September 30 year-end. For the following transactions and events, show the

Could use some help please!
Could use some help please! Service Pro Corporation (SPC) is preparing adjustments
for its September 30 year-end. For the following transactions and events, show
the September 30 adjusting entries SPC would make. (If no entry is

Service Pro Corporation (SPC) is preparing adjustments for its September 30 year-end. For the following transactions and events, show the September 30 adjusting entries SPC would make. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) a. Prepaid Insurance shows a balance of zero at September 30, but Insurance Expense shows a debit balance of $1.980, representing the cost of a three-year fire insurance policy purchased on September 1 of the current year. b. On August 31 of this year, Cash was debited and Service Revenue was credited for $1,200. The $1,200 related to fees for a three- month period beginning September 1 of the current year c. The company's income tax rate is 22%. After making the above adjustments, SPC's net income before tax is $10,000. No income tax has been paid or recorded. View transaction list Journal entry worksheet 2 3 Record the adjusting entry for Insurance expense of $1,980 representing the cost of a three-year fire Insurance policy that was purchased on September 1 of the current year. Journal entry worksheet

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