Prepayment of Expenses JDM Inc. made the following prepayments for expense items during the year:...
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Prepayment of Expenses JDM Inc. made the following prepayments for expense items during the year: Prepaid building rent for year on April by paying $ Prepaid rent was debited for the amount paid. Prepaid months' insurance on October by paying $ Prepaid insurance was debited. Purchased $ of office supplies on October debiting supplies for the full amount. There were no office supplies on hand as of October Office supplies costing $ remain unused at December Paid $ for a month service contract for repairs and maintenance on a computer. The contract begins November The full amount of the payment was debited to prepaid repairs and maintenance.
Prepayment of Expenses
JDM Inc. made the following prepayments for expense items during the year:
Prepaid building rent for year on April by paying $ Prepaid rent was debited for the amount paid.
Prepaid months' insurance on October by paying $ Prepaid insurance was debited.
Purchased $ of office supplies on October debiting supplies for the full amount. There were no office supplies on hand as of October Office supplies costing $ remain unused at December
Paid $ for a month service contract for repairs and maintenance on a computer. The contract begins November The full amount of the payment was debited to prepaid repairs and maintenance.
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