Each of the following independent events requires a yearend adjusting entry.
a Paid $ cash in advance on July for a oneyear lease on office space.
b Purchased $ of supplies on account on April At yearend, $ of supplies remained on hand.
c Received a $ cash advance on July for a contract to provide services for one year beginning immediately.
d Paid $ cash in advance on February for a oneyear insurance policy.
Required
Record each event and the related adjusting entry in general journal format. The first event is recorded as an example. Assume a December closing date. Do not round intermediate calculations. Round your final answer to the nearest whole dollar. If no entry is required for a transactionevent select No journal entry required" in the first account field.
tableDateAccount Titles,Debit,CreditJuly Prepaid rent,Cecember tableCashRent expense
