Question

> O h ewconnected in Colowconnecte d theducation indeho l t Chapter 3 0 Check my w December 31 Wilow Window Washing Services prepares adjustments monthly and shows the following selected accounts on 2020, unadjusted trial balance Debit Credit Prepaid insurance $ ,00 Prepaid office rent 16, eee Prepaid subscriptions 1,168 Prepaid equipment rental 22,480 Required: Prepare the required monthly adjusting entries at December 31, 2020, based on the flowing additional informont a. The remaining balance in Prepaid Insurance was for a six month insurance policy purchased for $6 600 and intech on September 1 2020. b. $3,800 of the balance in Prepaid Office Hent had not been used as at December 31, 2020 c. $1,000 of the balance in Prepad Subscriptions had been used as of December al 2020. d. The company paid $28.800 on April 1, 2020. to rent equipment for a three year period beginning April 2020 View transaction list Journal entry worksheet Record the expired insurance < Prev 3 of 6 Next > Type here to search DELL

plz solved this its kindly reqest

Answer 1

Monthly adjusted journal entry as follows:

Date	Account Title and Explanations	Debit	Credit
December 31, 2020	Prepaid Insurance	$1,100
	Insurance Expense		$1,100
	($6600/6 months)
December 31, 2020	Rent Expense ($16,000 - $3800)	$12,200
	Prepaid office rent		$12,200
December 31, 2020	Subscription Expense	$1,000
	Prepaid Subscription		$1,000
December 31, 2020	Equipment Rental Expense	$622.22
	Prepaid Equipment rental		$622.22
	($22,400/36 months)