Question: this question confuses me. can I plesse get some help:) Journal entry worksheet 2 A three-year fire insurance policy was purchased on July 1,2024 ,





Journal entry worksheet 2 A three-year fire insurance policy was purchased on July 1,2024 , for $18,300. The company debited Prepaid Insurance for the entire amount on July 1. Prepare the adjusting entry at December 31. Note: Enter debits before credits. Journal entry worksheet 6 Employee salaries of $25,200 for the month of December will be paid in early January. Prepare the adjusting entry at December 31. Note: Enter debits before credits. Journal entry worksheet On November 1,2024 , the company received $6,300 in cash from a customer requesting a custom design for six identical bikes ($1,050 each). Deferred Revenue was credited for the entire amount on November 1. By the end of the year, four of the bikes have been completed. Prepare the adjusting entry at Note: Enter debits before credits. Journal entry worksheet 2 Supplies at the beginning of the year totaled $2,200. During 2024, additional supplies of $18,200 were purchased, and the entire amount was debited to Supplies at the time of purchase. Supplies remaining at the end of the year total $4,200. Prepare the adjusting entry at December 31. Note: Enter debits before credits. Journal entry worksheet 2 Benson paid a local radio station $12,200 for four months of advertising on December 1,2024 . The advertising will appear evenly over the four-month period. The company debited Prepaid Advertising for the entire amount on December 1. Prepare the adjusting entry at December 31. Note: Enter debits before credits. Benson borrowed $36,300 on March 1,2024 . The principal is due to be paid in five years. Interest is payable each March 1 at an annual rate of 10%. Note: Enter debits before credits
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