The data below concerns adjustments to be made at Coffee Bean Importers. Adjustments a. On November 1, 20X1, the firm signed a lease for a warehouse and paid rent of $15,900 in advance for a six-month period. b. On December 31, 20X1, an inventory of supplies showed that items costing $1,780 were on hand. The balance of the Supplies account was $10,820. c. A depreciation schedule for the firm's equipment shows that a total of $7,600 should be charged off as depreciation in 20X1. d. On December 31, 20X1, the firm owed salaries of $3,800 that will not be paid until January 20X2. e. On December 31, 20X1, the firm owed the employer's social security (6.2 percent) and Medicare (1.45 percent) taxes on all accrued salaries. f. On September 1, 20X1, the firm received a five-month, 8 percent note for $3,900 from a customer with an overdue balance. Required: 1. Record the adjusting entries in the general journal as of December 31, 20X1. 2. Record reversing entries in the general journal as of January 1, 20X2. Analyze: After the adjusting entries have been posted, what is the balance of the Prepaid Rent account on January 1, 20X2? Complete this question by entering your answers in the tabs below. Req 1 to 2 Analyze Record adjusting entries in the general journal as of December 31, 20X1 and reversing entries as of January 1, 20X2. (Round your answers to 2 decimal places.) Req 1 to 2 Analyze Record adjusting entries in the general journal as of December 31, 20X1 and reversing entries as of Januar answers to 2 decimal places.) View transaction list Journal entry worksheet 2 3 4 5 6 7 8 9 On November 1, 20X1, the firm signed a lease for a warehouse and paid rent of $15,900 in advance for a six-month period. Note: Enter debits before credits. Date Dec 31, 20X1 General Journal Debit Credit Record entry Clear entry View general journal Req 1 to 2 Analyze Record adjusting entries in the general journal as of December 31, 20X1 and reversing entries as of Ja answers to 2 decimal places.) View transaction list Journal entry worksheet 2 3 4 5 6 7 8 9 On December 31, 20X1, an inventory of supplies showed that items costing $1,780 were on hand. The balance of the Supplies account was $10,820. Note: Enter debits before credits. Date Dec 31, 20X1 General Journal Debit Credit Record entry Clear entry View general journal 17 Req 1 to 2 Analyze Record adjusting entries in the general journal as of December 31, 20X1 and reversing entries as of January answers to 2 decimal places.) View transaction list Journal entry worksheet < 2 3 4 5 6 7 8 9 A depreciation schedule for the firm's equipment shows that a total of $7,600 should be charged off as depreciation in 20X1. Note: Enter debits before credits. Date Dec 31, 20X1 General Journal Debit Credit * Record entry Clear entry View general journal Req 1 to 2 Analyze Record adjusting entries in the general journal as of December 31, 20X1 and reversing entries as of January 1, 20x answers to 2 decimal places.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 9 On December 31, 20X1, the firm owed salaries of $3,800 that will not be paid until January 20X2. Note: Enter debits before credits. Date Dec 31, 20X1 General Journal Debit Credit Record entry Clear entry View general journal 14:03 Req 1 to 2 Analyze Record adjusting entries in the general journal as of December 31, 20X1 and reversing entries as of January 1, 201 answers to 2 decimal places.) View transaction list Journal entry worksheet < 1 3 4 5 6 7 8 On December 31, 20X1, the firm owed the employer's social security (6.2 percent) and Medicare (1.45 percent) taxes on all accrued salaries. Note: Enter debits before credits. Date Dec 31, 20X1 General Journal Debit Credit * Record entry Clear entry View general journal 55 Req 1 to 2 Analyze Record adjusting entries in the general journal as of December 31, 20X1 and reversing entries as of January answers to 2 decimal places.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 9 On September 1, 20X1, the firm received a five-month, 8 percent note for $3,900 from a customer with an overdue balance. Note: Enter debits before credits. Date Dec 31, 20X1 General Journal Debit Credit Record entry Clear entry View general journal 49 Req 1 to 2 Analyze Record adjusting entries in the general journal as of December 31, 20X1 and reversing entries as of January 1, 20X answers to 2 decimal places.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 Record the reversing entry for salaries. Note: Enter debits before credits. Date Jan 01, 20X2 General Journal Debit Credit Record entry Clear entry View general journal 3:40 Req 1 to 2 Analyze Record adjusting entries in the general journal as of December 31, 20X1 and reversing entries as of January answers to 2 decimal places.) View transaction list Journal entry worksheet 1 3 57 6 8 Record the reversing entry for social security & Medicare taxes. Note: Enter debits before credits. Date Jan 01, 20X2 6 General Journal Debit Credit Record entry Clear entry View general journal Req 1 to 2 Analyze Record adjusting entries in the general journal as of December 31, 20X1 and reversing entries as of January 1, 20X2 answers to 2 decimal places.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 Record the reversing entry for interest.. Note: Enter debits before credits. Date Jan 01, 20X2 6 General Journal Debit Credit Record entry Clear entry View general journal 26 c. A depreciation schedule for the firm's equipment shows that a total of $7,600 should be charged off as de d. On December 31, 20X1, the firm owed salaries of $3,800 that will not be paid until January 20X2. e. On December 31, 20X1, the firm owed the employer's social security (6.2 percent) and Medicare (1.45 per salaries. f. On September 1, 20X1, the firm received a five-month, 8 percent note for $3,900 from a customer with an Required: 1. Record the adjusting entries in the general journal as of December 31, 20X1. 2. Record reversing entries in the general journal as of January 1, 20X2. Analyze: After the adjusting entries have been posted, what is the balance of the Prepaid Rent account on January 1, 2 Complete this question by entering your answers in the tabs below. Req 1 to 2 Analyze After the adjusting entries have been posted, what is the balance of the Prepaid Rent account on January 1, 20X27 Prepaid rent