Question: Moving to the next question prevents changes to this answer. Question of estion 4 18 points REQUIRED: Prepare adjusting journal entries on December 31 to
Moving to the next question prevents changes to this answer. Question of estion 4 18 points REQUIRED: Prepare adjusting journal entries on December 31 to record the following unrelated year-end adjustments in the space provided below. The Prepaid Insurance account has a $5,000 debit balance before adjustment. An examination of insurance policies shows $2,000 of insurance unexpired. 2. The Supplies account has a 5900 debit balance before adjustment. An examination shows $200 in Supplies expired. 3. On December 1, the company received 6 months rent in advance from a tenant. The 58,400 was credited to the Unearned Hent account. 4. The company collects rent monthly from its tenants. One tenant whose rent is $1.200 per month has not paid his rent for November and December 5. The company has two office employees who earn $200 per day for a five-day workweek that ends on Friday. The employees were paid on Friday, December 26, and have worked full days on Monday, Tuesday, and Wednesday, December 29, 30, and 31. 6. Estimated depreciation on office building for the year. $5,000. gt For the toolbar, press ALT+F10 (PC) or ALT+FN.F10 (Mac). TTT Arla 3 (12pt) TE DATE ACCOUNT DEBIT CREDIT DEC 31 DEPRECIATION EXPENSE AM atv 15 MacBook Air
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