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Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, Including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Selected December-January Transactions Started work for Telo Dec. 31 Year-End Finished Work for Telo Purchased Insurance Dec 1 Dec 7 Dec 13 Dec 24) Jan 5 Jan 12 Purchased Supplies Received Cash in Advance Wages Paid Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, Including Its year-end adjustments. The Tableau dashboard is provided to assist in the work. Selected December-January Transactions Started work for Telo Dec. 31 Year-End Finished Work for Telo Purchased Insurance (Dec 1 Dec 7 Dec 13 Dec 24) Jan 5 Jan 12 December 1 Prepaid a 24 month insurance policy (coverage starting immediately) for $2,400 cash. Purchased Supplies Received Cash in Advance Wages Paid Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, Including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Selected December-January Transactions Started Work for Telo Dec. 31 Year-End Finished Work for Telo Purchased Insurance Dec 1 (Dec 7 Dec 13 (Dec 24) Jan 5 Jan 12 December 7 Purchased supplies for $2,000 cash. Purchased Supplies Received Cash in Advance Wages Paid Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, Including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Selected December-January Transactions Started work for Telo Dec. 31 Year-End Finished Workfor Telo Purchased Insurance Dec 1 Dec 7 Dec 13 Dec 24 Jan 5 Jan 12 December 13 Agreed to do $10,000 worth of work for Telo over the next 30 days. Payment is to be received when the work is completed on Jan. 12. Purchased Supplies Received Cash in Advance Wages Paid Roland Company began operations on December 1 and needs assistance in preparing December 31 financial stateme Including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Selected December-January Transactions Started work for Telo Dec. 31 Year-End Finished Work for Telo Purchased Insurance Dec 1 Dec 7 Dec 13 (Dec 24) Jan 5 Jan 12 December 24 Received $4,000 cash in advance to perform work for ABX over the next four weeks. Purchased Supplies Received Cash in Advance Wages Paid Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, Including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Selected December-January Transactions Started work for Telo Dec. 31 Year-End Finished Workfor Telo Purchased Insurance Dec 1 Dec 7 Dec 13 Dec 24 Jan 5 Jan 12 January 5 Paid wages of $800 cash to workers. Purchased Supplies Received Cash in Advance Wages Paid Additional Information as of December 31 Telo Job Completion at Year-End ABX Job Completion at Year-End Telo 60% Complete ABX 25% Complete Supplies Remaining at Year-End Wages Earned By Workers but not yet Paid at Year-End Supplies Remaining at Year-End: $700 Additional Information as of December 31 Telo Job Completion at Year-End ABX Job Completion at Year-End Telo 60% Complete ABX 25% Complete Supplies Remaining at Year-End Wages Earned By Workers but not yet Paid at Year-End Wages Earned By Workers but not yet Paid at Year-End: $500 1. Record (a) the prepayment of Insurance on December 1 and (b) the adjusting Journal entry for prepaid Insurance on December 31. 2. Record (a) the advance payment from ABX and (b) the adjusting Journal entry to unearned revenue on December 31. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Record (a) the prepayment of insurance on December 1 and (b) the adjusting journal entry for prepaid insurance on December 31. View transaction list Journal entry worksheet Record the purchase of insurance coverage. Note: Enter debits before credits. Date General Journal Debit Credit Dec 01 Record entry Clear entry View general journal Required 1 Required 2 > 1. Record (a) the prepayment of Insurance on December 1 and (b) the adjusting Journal entry for prepaid Insurance on December 31. 2. Record (a) the advance payment from ABX and (b) the adjusting Journal entry to unearned revenue on December 31. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Record (a) the prepayment of insurance on December 1 and (b) the adjusting journal entry for prepaid insurance on December 31. View transaction list Journal entry worksheet 1. Record (a) the prepayment of Insurance on December 1 and (b) the adjusting Journal entry for prepaid Insurance on December 31. 2. Record (a) the advance payment from ABX and (b) the adjusting Journal entry to unearned revenue on December 31. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Record (a) the advance payment from ABX and (b) the adjusting journal entry to unearned revenue on December 31. View transaction list Journal entry worksheet Record the cash received for services to be performed. Note: Enter debits before credits. Date General Journal Debit Credit Dec 24 Record entry Clear entry View general journal 1. Record (a) the prepayment of Insurance on December 1 and (b) the adjusting Journal entry for prepaid Insurance on December 31. 2. Record (a) the advance payment from ABX and (b) the adjusting Journal entry to unearned revenue on December 31. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Record (a) the advance payment from ABX and (b) the adjusting journal entry to unearned revenue on December 31. View transaction list Journal entry worksheet Record the revenue for services provided. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal

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