The accountant for Save More Company made the following adjusting entries on December 31, 2011. Further information

Question:

The accountant for Save More Company made the following adjusting entries on December 31, 2011.

The accountant for Save More Company made the following adjustin

Further information is provided as follows:
(a) Annual rent is paid in advance every October 1.
(b) Advertising materials are purchased at one time (June 1) and are used evenly throughout the year.
(c) Annual rent is received in advance every March 1.
(d) Office supplies are purchased every July 1 and used evenly throughout the year.
(e) Yearly insurance premium is payable each August 1.

Instructions:
For each adjusting entry, indicate the original transaction entry that wasrecorded.

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Related Book For  book-img-for-question

Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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