Record each adjusting journal entry separately The prepaid insurance represents a one-year policy. Record insurance expense for
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Record each adjusting journal entry separately
- The prepaid insurance represents a one-year policy. Record insurance expense for one month.
- The prepaid advertising represents a six-month contract. Record the advertising expense for one month.
- The computer supplies on hand total $145.Compare with the amount in the Computer Supplies account to determine how much of the account has been used and then record the expense.
- The interest on the note payable for one month is $40. Record the interest expense.
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
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