Question: Journalize the adjusting entry needed at December 31 for each situation .com/try-it/5 2 adjusting entry needed at December 31 for each situation. Use the Chart

Journalize the adjusting entry needed at December 31 for each situation

.com/try-it/5 2 adjusting entry needed at December 31 for each situation. Use the Chart of Accounts to review mes! A two year insurance policy for $10,560 was purchased on November 1 of the current year. Record the transaction for the year ended December 31. Date Accounts and Explanation Debit Credit Used office supplies of $4,800 Date Accounts and Explanation Debit Credit Used prepaid insurance of 51.100 Date Accounts and Explanation Debit Credit

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