Viking Trivia Company Chart of Account Titles (selected): Assets: Prepaid Rent, Prepaid Advertising. Prepaid Insurance, Office Supplies, Inventory, Accumulated Depreciation Liabilities: Interest Payable, Utilities Payable, Commissions Payable, Unearned Rent Revenues: Rent Revenue, Interest Revenue Expenses: Office Supplies Expense, Commissions Expense, Utilities Expense, Insurance Expense, Advertising Expense, Depreciation Expense, Interest Expense, Rent Expense Review the following items and make the necessary adjusting entries using the account titles shown above as of December 31, 2019. If no entry is required, write N/A in all blanks for that item. Round all amounts to the nearest dollar. On December 1, 2019, Viking Trivia Company entered into a legally binding contract to purchase $40,000 of advertising. The advertising will begin on March 1, 2020 with payment due at that time. Debit Account: Debit Amount: Credit Account: Credit Amount:
Viking Trivia Company Chart of Account Titles (selected):
Assets: Prepaid Rent, Prepaid Advertising. Prepaid Insurance, Office Supplies, Inventory,
Liabilities: Interest Payable, Utilities Payable, Commissions Payable, Unearned Rent
Revenues: Rent Revenue, Interest Revenue
Expenses: Office Supplies Expense, Commissions Expense, Utilities Expense, Insurance Expense, Advertising Expense, Depreciation Expense, Interest Expense, Rent Expense
Review the following items and make the necessary
On December 1, 2019, Viking Trivia Company entered into a legally binding contract to purchase $40,000 of advertising. The advertising will begin on March 1, 2020 with payment due at that time.
Debit Account: Debit Amount:
Credit Account: Credit Amount:
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