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 July 1, 2019, Viking Trivia Company paid $7,800 for six months’ property insurance coverage beginning on that date. The payment was debited to insurance expense on that date. 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 July 1, 2019, Viking Trivia Company paid $7,800 for six months’ property insurance coverage beginning on that date. The payment was debited to insurance expense on that date.
Debit Account: Debit Amount:
Credit Account: Credit Amount:
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