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Required information Skip to question The following information applies to the questions displayed below. The following are transactions for the Sky Blue Corporation: Collected $ rent for the period October to December which was credited to Deferred Revenue on October Paid $ for a twoyear insurance premium on October and debited Prepaid Insurance for that amount. Used a machine purchased on October for $ The company estimates annual depreciation of $ Required: For each of the above transactions for the Sky Blue Corporation, prepare the adjusting journal entries required on October If no entry is required for a transactionevent select No Journal Entry Required" in the first account field.
Required information
Skip to question
The following information applies to the questions displayed below.
The following are transactions for the Sky Blue Corporation:
Collected $ rent for the period October to December which was credited to Deferred Revenue on October
Paid $ for a twoyear insurance premium on October and debited Prepaid Insurance for that amount.
Used a machine purchased on October for $ The company estimates annual depreciation of $
Required:
For each of the above transactions for the Sky Blue Corporation, prepare the adjusting journal entries required on October If no entry is required for a transactionevent select No Journal Entry Required" in the first account field.
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