From each of the following December 31 adjusting journal entries, prepare the original journal entry that...
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From each of the following December 31 adjusting journal entries, prepare the original journal entry that was recorded by supplying the blanks provided. The first one is already done for you. You may print and write the answers or encode the answers immediately. 1. Prepaid Insurance 2. Supplies Expense Supplies 3. Rent Revenue ♦ Insurance Expense Additional Information: * Unearned Rent Revenues 4. Unearned Commissions Revenue 4,200 ♦ Commissions Revenue 2. Debit: Credit: Original Journal Entries 3. Debit: Credit: 1.(example) Debit: Insurance Expense 1,440 Credit: Cash1,440 240 1,200 6,300 240 1,200 6,300 Yearly insurance premium is effective and payable every March 1. Supplies are purchased every May 1 and are used evenly throughout the year. Annual rent is received every April 1. Commissions are collected every June 1 and earned evenly throughout the year. 4,200 From each of the following December 31 adjusting journal entries, prepare the original journal entry that was recorded by supplying the blanks provided. The first one is already done for you. You may print and write the answers or encode the answers immediately. 1. Prepaid Insurance 2. Supplies Expense Supplies 3. Rent Revenue ♦ Insurance Expense Additional Information: * Unearned Rent Revenues 4. Unearned Commissions Revenue 4,200 ♦ Commissions Revenue 2. Debit: Credit: Original Journal Entries 3. Debit: Credit: 1.(example) Debit: Insurance Expense 1,440 Credit: Cash1,440 240 1,200 6,300 240 1,200 6,300 Yearly insurance premium is effective and payable every March 1. Supplies are purchased every May 1 and are used evenly throughout the year. Annual rent is received every April 1. Commissions are collected every June 1 and earned evenly throughout the year. 4,200
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