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Prepare journal entries for Iron City's general fund for the following, including any adjusting and...

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Accounting

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Prepare journal entries for Iron City's general fund for the following, including any adjusting and closing entries on December 31, 20X1 (the end of the fiscal year) Required: a. Acquired a three year fire insurance policy for $5.700 on September 1, 20x1 (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 Record the acquisition of the three-year insurance policy in 20X1. Note: Enter debits before credits Debit Credit General Journal Date September 01 b. Ordered new furniture for the city council meeting room on September 17, 20X1. at an estimated cost of $15.800. The furniture was delivered on October 1 its actual cost was $15 100, its estimated life is 10 years, and it has no residual value of no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction fist Journal entry worksheet Record the acquisition of supplies in 20X1. Note: Enter debits before credits Debit Credit General Journal Date November 04

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