I need help with these question parts, please! 4. 10.00 poirts Below are transac
ID: 2333937 • Letter: I
Question
I need help with these question parts, please! 4. 10.00 poirts Below are transactions for Hurricane Company during 2018 a Os Ocsber 1, 2014 Hamicane ends $8,100 to another company The other b On November 1, 2018,Hurrcane pays ts lanlond $3.10 regresemting ron o the mnt pm pal and 12% rseest wil be pad tottercase on September 30, 2019 The paymant is detited to Prepaid Rent for the entre amount of ,ening a poon of Harcam s tactor, On August 1. 2018 Hicane colects $12,120 in advance trom c. another e Salares for the year eamed by enployees but not pasd to them or recerded are $4,100 on machinery i 54 600 for the year tarn arene, cong any mai The S2.120 representa une years rent and he etre amount Seredied sDeteered Revenue t Hurricase begins the year with $1.660 n supples During the year the Required jounal entry equived in the first acesunt field) necessary adusting entis December 31, 2018, for Huricane Company for each of C that no Snancial statements were prepared during the yesr and no adjusting entries wre recorded Of ne en Journal entry worksheet Note CntExplanation / Answer
Adjusting entry ;
Date account and explanation debit credit Dec 31 Interest receivable (8100*12%*3/12) 243 Interest revenue 243 (To record interest) Dec 31 Rent expense (3150*2/3) 2100 Prepaid rent 2100 (To record rent expense) Dec 31 Deferred revenue (12120*5/12) 5050 Rent revenue 5050 (To record revenue) Dec 31 Depreciation expense 4600 Accumlated depreciation 4600 (To record depreciation expense) Dec 31 Salary expense 4100 Salary payable 4100 (To record accured salary) Dec 31 Supplies expense 3060 Supplies 3060 (To record supplies expense)