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Paid $6,000 cash in advance on April 1 for a one-year insurance policy. Received a...

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Accounting

Paid $6,000 cash in advance on April 1 for a one-year insurance policy.

Received a $15,000 cash advance for a contract to provide services in the future. The contract required a one-year commitment, starting September 1.

Purchased $1,600 of supplies on account. At years end, $100 of supplies remained on hand.

Paid $6,000 cash in advance on March 1 for a one-year on office space

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