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Homework-Aaron Red Google Chrome curehtps//ww.mathoi.com/Student/PlayerHomework aspx?homeworkid 488234455&iquestionld-1aflushed-false;&cld-; 50625708centerwinaye CC 101-DO3N (Backman) Summer 2018 Aaron Rehl &1 6/2818 5:30 PM omework: Chapter 3 Homework core: 0 of 1 pt 1 of 2 (0 complete) HW Score: 0%, 0 of 2 p. E3-22 (similar to) Question Help Consider the following independent situations at December 31 (Click the icon to view the shuations) Jounalize the adjusting entry needed on December 31 for each situation Use the lethers to label the journal entries (Record debits first, then credits Select the explanation on the last line of the joumal entry table.) a. On October 1, a business collected $3,900 et in advance, debiling Cash and credting Unearmed Revenue The Senant was paying one year's rent in advance A December 31, the business must account for the amount ofl rent it has eamed Accounts and Explanation a) Dec. 31 Choose from any list or enter any number in the input Seids and then cick Check Answer Check Answ 5 6 8 oWRTYu

Explanation / Answer

Date Accounts and Explanations Debit Credit 31-Dec a) unearned revenue 975 Rent revenue 975 (3900/12)*3 b) Salary expense 4,400 Salaries payable 4,400 (1100*4) c) office supplies expense 500 office supplies. 500 d) Depreciation expense-Equipment 600 Accumulated depreciation 600 e) insurance expense 360 prepaid insurance 360 (1440/24)*6

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