Dr . Erica Chan, MD owns EC Health Clinic. She prepares annual financial statements and has a
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Question:
Dr Erica Chan, MD owns EC Health Clinic. She prepares annual financial statements and has a December yearend.
On October Dr Chan prepaid $ for four months of rent.
On November Dr Chan prepaid $ to renew the clinics magazine subscriptions. The subscription is for one year.
On December Dr Chan pays $ for supplies. At the end of the year, $ of supplies had not been used.
Required:
For the above transactions, record the initial journal entry and the adjusting entry required on December
Related Book For
Fundamental Accounting Principles Volume 1
ISBN: 9781260881325
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
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