Question: The data below concerns adjustments to be made at the Amsterdam Company. Adjustment data: a. On October 1, 20X1, the firm paid rent of $8,100
The data below concerns adjustments to be made at the Amsterdam Company. Adjustment data: a. On October 1,201, the firm paid rent of $8,100 in advance for a 5 -month period. b. A total of $7,100 should be recorded as depreciation of equipment for 201. c. On December 31,201, the firm owed salaries of $8,000 that will not be paid until January 202. d. On December 31,201, the firm owed the employer's social security (6.2%) and Medicare (1.45%) taxes on all of the accrued salaries. 1. Record the adjusting entries in the general journal as of December 31,201. Record reversing entries in the general journal as of January 1,202
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