K Compute the amounts indicated by blank fields for each of the following Prepaid Rent situations. For situation A, make the needed journal entry. Consider each situation separately Compute the amounts that have been left blank. Situation Situation Situation Situation Situation A B C D E Beginning Prepaid Rent $ Payments for Prepaid Rent during the year 4,200 $ 19,800 5,000 $ 16,800 S 5,900 $ 1,500 13,000 15,000 9,700 2,500 Total amount to account for 24,000 18,000 19,000 6,000 31,800 15,600 6,800 6,000 4,000 1,400 Ending Prepaid Rent Rent Expense $ 5,000 $ 12,000 $ 25,000 $ 9,600 $ 2,600 For situation A, make the needed journal entry: (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journal Entry Accounts Debit Credit A

K Compute the amounts indicated by blank fields for each of the following Prepaid Rent situations. For situation A, make the needed journal entry. Consider each situation separately Compute the amounts that have been left blank. Situation Situation Situation Situation Situation A B C D E Beginning Prepaid Rent $ Payments for Prepaid Rent during the year 4,200 $ 19,800 5,000 $ 16,800 S 5,900 $ 1,500 13,000 15,000 9,700 2,500 Total amount to account for 24,000 18,000 19,000 6,000 31,800 15,600 6,800 6,000 4,000 1,400 Ending Prepaid Rent Rent Expense $ 5,000 $ 12,000 $ 25,000 $ 9,600 $ 2,600 For situation A, make the needed journal entry: (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journal Entry Accounts Debit Credit A

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Compute the amounts indicated by blank fields for each of the following Prepaid Rent situations. For situation A, make the needed journal entry. Consider each situation separately.
Compute the amounts that have been left blank.
Situation
Situation Situation Situation Situation
A
B
C
D
E
Beginning Prepaid Rent
$
4,200 $
19,800
5,000 $ 16,800 S
13,000
Payments for Prepaid Rent during the year
5,900 $ 1,500
15,000 9,700
2,500
Total amount to account for
24,000
19,000
18,000 31,800
6,000 6,800
15,600
4,000
6,000
1,400
Ending Prepaid Rent
Rent Expense
$ 5,000 $ 12,000 $ 25,000 $ 9,600 $ 2,600
For situation A, make the needed journal entry: (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)
Journal Entry
Accounts
Debit
Credit
A
1

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