Der 1 2024 the bank The note requires principal and interest

Last updated: 9/12/2023

Der 1 2024 the bank The note requires principal and interest at 12 10 be April 30 2025 5 On December 1 2024 the company received 9 000 in cash from another company that is renting office space in Fierro s building The payment representing rent for December January and February was credited to deferred rent revenue at the time cash was received Lequired Prepare the necessary adjusting entries at December 31 2024 for each of the above situations Assume that no financial statements were prepared during the year and no adjusting entries were recorded Note If no entry is required for a transaction event select No journal entry required in the first account field View transaction list Journal entry worksheet 1 orrowed 500 A three year fire insurance policy was purchased on July 1 2024 for 15 840 The company debited prepaid insurance for the entire amount at the time of payment Prepare the necessary adjusting entry on December 31 2024 Note Enter debits before credits Transaction 1 General Journal Debit Credit