Question: Moving to another question will save this response. Question 8 If rent is paid for eighteen months then the journal entry for the same will


Moving to another question will save this response. Question 8 If rent is paid for eighteen months then the journal entry for the same will require a debit to prepaid rent, credit accounts payable. debit rent expense, credit cash debit unearned revenue, credit cash debit prepaid rent, credit cash Moun Question Completion Status: Moving to another question will save this response. Question 9 Page Inc. purchased a 12-month insurance policy on Jan 1, 2017 for 3,000. Al March 31, 2017, the adjusting journal entry will include a debit to Insurance Expense and a credit to Prepaid Insurance for 250 debit to Insurance Expense and a credit to Prepaid insurance for $750. debit to Prepaid Insurance and a credit to Cash for 3,000 dobit to Prepaid Insurance and a credit to Insurance Expense for 300, Moving to another question will save this response. MacBook Question Completion Status: Moving to another question will save this response. Question 10 Note Payable of $6,000 represents a loan that was taken on June 1, 2019 at a yearly interest rate of 10%. The adjusting entry required on July 31st, 2019 will be: Cash $200, credit Note Payable $200 Debit Interest Expense $100, credit Interest Payable $100 Debit interest expense $150, credit Interest payable $150 Debit cash $6,000, credit Note Payable 56,000 Moving to another question will save this response. MacBook Air
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