From each of the following December31 adjusting journal entries, prepare the original journal entry that was recorded by supplying the blanks provided. The first one is alre ady done for you. You may print and write the answers or encode the answersimmediately. 1. Prepaid Insurance 240 Insurance Expense 240 2. SuppliesExpense 1,200 Supplies 1,200 3. Rent Revenue 6,300 Unearned Rent Revenues 6,300 4. Unearned Commissions Revenue 4,200 Commissions Revenue 4,200 Additional Information: • Ye arly insurance premium is effective and payable every March 1. • Supplies are purchase d every May 1 and are used evenly throughout the year. • Annual rentis received every April 1. Commissions are colle cted every June 1 and earned evenly throughout the ye ar. Original Journal Entries 1.(example) Debit: Insurance Expense 1,440 Credit: Cash 1,440 2. Debit: Cre dit:
From each of the following December31 adjusting journal entries, prepare the original journal entry that was recorded by supplying the blanks provided. The first one is alre ady done for you. You may print and write the answers or encode the answersimmediately. 1. Prepaid Insurance 240 Insurance Expense 240 2. SuppliesExpense 1,200 Supplies 1,200 3. Rent Revenue 6,300 Unearned Rent Revenues 6,300 4. Unearned Commissions Revenue 4,200 Commissions Revenue 4,200 Additional Information: • Ye arly insurance premium is effective and payable every March 1. • Supplies are purchase d every May 1 and are used evenly throughout the year. • Annual rentis received every April 1. Commissions are colle cted every June 1 and earned evenly throughout the ye ar. Original Journal Entries 1.(example) Debit: Insurance Expense 1,440 Credit: Cash 1,440 2. Debit: Cre dit:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![From each of the following December 31 adjusting journal entries, prepare the original journal entry
that was recorded by supplying the blanks provided. The first one is already done for you. You may print
and write the answers or encode the answersimmediately.
1. Prepaid Insurance
240
Insurance Expense
240
2. Supplies Expense
1,200
Supplies
1,200
3. Rent Revenue
6,300
Une arned Rent Revenues
6,300
4.
Une arned Commissions Revenue
4,200
Commissions Revenue
4,200
Additional Information:
• Ye arly insurance premlum is effective and payable every March 1.
• Supplies are purchased every May 1 and are used evenly throughout the ye ar.
Annual rentis received every April 1.
Commissions are colle cted every June 1 and earned evenly throughout the ye ar.
Original Journal Entries
1.(example)
Debit: Insurance Expense 1,440
Cre dit: Cash 1,440
2.
Debit
Credit:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F45daf1e4-138e-4806-aac3-05df3d5162f8%2F362a2ed3-d1d5-4d36-86f8-45336fb9db8e%2F881uy1c_processed.jpeg&w=3840&q=75)
Transcribed Image Text:From each of the following December 31 adjusting journal entries, prepare the original journal entry
that was recorded by supplying the blanks provided. The first one is already done for you. You may print
and write the answers or encode the answersimmediately.
1. Prepaid Insurance
240
Insurance Expense
240
2. Supplies Expense
1,200
Supplies
1,200
3. Rent Revenue
6,300
Une arned Rent Revenues
6,300
4.
Une arned Commissions Revenue
4,200
Commissions Revenue
4,200
Additional Information:
• Ye arly insurance premlum is effective and payable every March 1.
• Supplies are purchased every May 1 and are used evenly throughout the ye ar.
Annual rentis received every April 1.
Commissions are colle cted every June 1 and earned evenly throughout the ye ar.
Original Journal Entries
1.(example)
Debit: Insurance Expense 1,440
Cre dit: Cash 1,440
2.
Debit
Credit:
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