D e Chrome File Edit View History Bookmarks Profiles Tab Window Help bjs-Google Search xiConnect - Home X M Question 10 - Chapter x M Inbox (221) abigailof XM Verify Your Email Addr x G Goo ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... Σ Chapter 3 Homework i Saved Help 10 28.47 points eBook Ask Print References Gomez Company had the following transactions in the last two months of its year ended December 31. November 1 Paid $2,600 cash for future advertising. November 1 Paid $3,360 cash for 12 months of insurance through October 31 of the next year. November 30 Received $5,600 cash for future services to be provided to a customer. December 1 Paid $3,900 cash for consulting to be received over the next four months. December 15 Received $9,450 cash for future services to be provided to a customer. December 31 of the advertising paid for on November 1, $950 worth is not yet used. December 31 A portion of the insurance paid for on November 1 has expired. No adjustment was made in November. December 31 Services worth $1,300 are not yet provided to the customer who paid on November 30. December 31 One-fourth of the consulting paid for on December 1 has been received. December 31 The company has performed $4,100 of services that the customer paid for on December 15. Required: 1. Prepare entries for these transactions under the method that initially records prepaid expenses as assets and records unearned revenues as liabilities. Also prepare adjusting entries at the end of the year. 2. Prepare entries for these transactions under the method that initially records prepaid expenses as expenses and records unearned revenues as revenues. Also prepare adjusting entries at the end of the year. Complete this question by entering your answers in the tabs below. Mc Graw Hill Required 1 Required 2 Prepare entries for these transactions under the method that initially records prepaid expenses as assets and records unearned revenues as liabilities. Also prepare adjusting entries at the end of the year. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list View journal entry worksheet < Prev 10 of 10 Next > 11,688 MAY 30 tv A Aa MacBook Pro

hrome File Edit View History Objs - Google Search Bookmarks Profiles Tab x QuickLaunchSSO :: Single Sic x Window Help M Question 3- Chapter 3 Home .X + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... 一口 Chapter 3 Homework i 3 Saved Help Save Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Exercise 3-6 (Algo) Preparing adjusting entries LO P1, P2, P3 Return 8.54 points a. Depreciation on the company's equipment for the year is computed to be $14,000. b. The Prepaid Insurance account had a $6,000 debit balance at December 31 before adjusting for the costs of any expired coverage. An analysis of the company's insurance policies showed that $550 of unexpired insurance coverage remains. c. The Supplies account had a $480 debit balance at the beginning of the year, and $2,680 of supplies were purchased during the year. The December 31…

signments: X M Question 7-C X work i FILE Paste ducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmg A1 Clipboard G 5 6 L EB- 7 HOME 8 9 10 11 12 13 Calibri B IU • INSERT : Font READY Attempt(s) X 11 Q Accounting Ex x PAGE LAYOUT Accounts Payable Accounts Receivable Cash Equipment Insurance Expense Operating Expense *** T A A Tutoring Revenue Unearned Revenue Y A. Other Expenses Other Revenues Rent Expense Salaries Expense Short-term Notes Payable Test Prep Revenue 5 B C D 1 The list below shows select accounts for Reading Readiness Company as of January 31, 20X1. Accounts are in alphabetical order.) 2 3 4 M Week 3 Anno X FORMULAS Saved S DATA % Alignment Number Conditional Format as Cell Formatting Table Styles Styles REVIEW ✓ fx The list below shows select accounts for Reading Readiness Company as of o Mail - Pedro X E # Editing m F + Sign In ▶ 100% Hint Help Sa A + Y CA

Chrome File Edit View History Bookmarks Profiles Tab Window Help Project Chapters 5-7 Content WP NWP Assessme X 2,041 Content OCT 26 education.wiley.com/was/ui/v2/assessment-player/index.html?launchId=36ec0bd6-8a4b-4bac-8fcd-95120acedb08#/question/0 Question 1 of 1 View Policies Show Attempt History Current Attempt in Progress Cash On December 1, 2022, Sheffield Corp. had the following account balances. Notes Receivable Accounts Receivable Inventory Prepaid Insurance Equipment Dec. 7 1. × 2. 12 (a) 17 19 22 26 31 Adjustment data: terms 1/10 n/30 × bExplain the appl X During December, the company completed the following transactions. > Debit $18,100 2,500 7,800 tv 15,500 1,500 28,100 $73,500 Accumulated Depreciation-Equipment Accounts Payable Common Stock Retained Earnings Depreciation was $210 per month. Insurance of $400 expired in December. Your answer is partially correct. Credit $3,100 6,000 loc 50,300 Received $3,600 cash from customers in payment of account (no discount allowed).…