explain how the following entries are calculated: Fish Company had the following transactions during the year 2015.

explain how the following entries are calculated:

 

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Fish Company had the following transactions during the year 2015. IntExp... a. On April 1, Fish rented excess office space in one of its buildings and received $90,000. The rental period extends for ten months starting April 1. Ni 86 b. On June 1, Fish paid $20,000 for a 2-year insurance policy. Coverage begins on June 1. Required: 1. Journalize the above transactions. 2. Prepare any adjusting entries necessary for the year ended December 31, 2015. 86 Fish Company had the following transactions during the year 2015. IntExp... a. On April 1, Fish rented excess office space in one of its buildings and received $90,000. The rental period extends for ten months starting April 1. Ni 86 b. On June 1, Fish paid $20,000 for a 2-year insurance policy. Coverage begins on June 1. Required: 1. Journalize the above transactions. 2. Prepare any adjusting entries necessary for the year ended December 31, 2015. 86