CALCULATOR PRINTER VERSION . BACK NEXT Exercise 3-21 a-c (Part Level Submission) At Sheridan Company,...
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CALCULATOR PRINTER VERSION . BACK NEXT Exercise 3-21 a-c (Part Level Submission) At Sheridan Company, prepayments are debited to expense when paid, and unearned revenues are crediked to revenue when cash is received. During January of the current year, the following transactions occurred. Jan. 2 Paid $2,280 for fire insurance protection for the year. 10 Paid $1,700 for supplies. 15 Received $5,800 for services to be performed in the future On January 31, t is determined that $3,000 of the services were performed and that there are $800 of supplies on hand. Journalize and post the January transactions. (Use T-accounts.) (Credit account titles manually, Record journal entries in the order presented in the problem.) are automatically indented when the amount is entered. Do not indent Date Account Titles and Explanation Debit Credit Jan. 2 Prepaid Insurance 2,280 Cash 2,280 Jan. 10 Supoliesd 20 G Search or type URL
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