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K Jenkins Rentals Company faced the following situations. (Click the icon to view the situations.)...

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Accounting

K Jenkins Rentals Company faced the following situations. (Click the icon to view the situations.) Requirement 1. Journalize the adjusting entry needed at December 31, 2023, for each situation. Consider each fact separately. (Record debits first, then credits. Exclude explanations from any journal entries.) b. C. interest Receivable Interest Revenue d. c. On July 1, 2023, when the business collected $14,200 rent in advance, it debited Cash and credited Unearned Rent Revenue. The tenant was paying for two years' rent. Accounts Unearned Rent Revenue Rent Revenue Salary Expense Salary Payable 4,400 Accounts Debit 3,550 4,400 d. Salary expense is $5,700 per day-Monday through Friday and the business pays employees each Friday. This year, December 31 falls on a Thursday. Debit $5,700 Credit 3,550 REDE Credit $5,700
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Jenkins Rentals Cerpany faced the following situstont. (2. (Cick the icon lo virw the stuations ) Requirement 1. Joumalize the edjusting entry needed at Decomber 31,2023 , for each sluation. Consider each fact separaloly. (Reoord debits first, hen credits. Exclude explanations from any joumal entries.)

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