Business, 19.03.2020 17:28 Gabysh3794

A business collected $ 6 comma 600$6,600 rent in? advance, debiting Cash and crediting Unearned Revenue. The tenant was paying one? year’s rent in advance. On December? 31, the business must account for the amount of rent it has earned. b. Salaries expense is $ 1 comma 300$1,300 per daylong dash—Monday through Fridaylong dash—and the business pays employees each Friday. This year December 31 falls on a ThursdayThursday. c. The unadjusted balance of the Office Supplies account is $ 2 comma 600$2,600. Office supplies on hand total $ 1 comma 800$1,800. d. Equipment depreciation was $ 200$200. e. On OctoberOctober ?1, when the business prepaid $ 6 comma 000$6,000 for a? two-year insurance?

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