How do I solve these?? Transcribed Image Text: Melissa Carmean brs h oger o1 18. On November 1 of the current year, Salinger Company paid $9,600 cash for a one-year
How do I solve these?? Transcribed Image Text: Melissa Carmean
brs
h oger o1
18. On November 1 of the current year, Salinger Company paid $9,600 cash for a one-year insurance policy
that took effect on that day. On the date of the payment, Salinger recorded the following entry:
Nov. 01
Prepaid Insurance
9,600
Cash
9,600
Prepare the required adjusting entry at December 31 of the current year.
bioc ton
19. Abdulla Co. collected 6-months’ rent in advance from a tenant on October 1 of the current year. When it
collected the cash, it recorded the following entry:
October 01
Cash
15,000
Unearned Rent Revenue
15,000
Prepare the required adjusting entry at December 31 of the current year.