Question: Need help with this: Journalize the selected transactions from 2022 with explanations. 1-Feb Paid annual rent starting February 1st totalling $12,000. 30-Apr Borrowed $20,000 cash

Need help with this:

Journalize the selected transactions from 2022 with explanations.

1-Feb Paid annual rent starting February 1st totalling $12,000.

30-Apr Borrowed $20,000 cash from Santa Monica Bank at 9% interest, principal and interest payable in 12 months.

13-Sep Purchased office supplies on account for $900.

1-Nov Paid $2,400 for a two year insurance policy.

3-Dec Received an advance of $6,000 from a customer.

 
The following items are to be adjusted as of December 31, 2022 yearend. Use the journal entries above
when necessary. Explanations are required.
(A) Adjust the expired portion of prepaid rent.
(B) Accrue interest on 4/30/2022 bank loan.
(C) Office supplies had a beginning balance of $550 and unused supplies of $750 at yearend.
(D) Adjust the expired portion of prepaid insurance.
(E) Analysis shows that $2,500 of the unearned revenue is now earned.
(F) Accrued salaries as of the yearend are $2,100.
(G) Depreciation of equipment for the year is $500.

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