7. What is the adjusting entry for the supplies account? The prepaid insurance account had a beginning balance of $6400 and was debited for $3600 of premiums paid during the year. Journalize the adjusting entry required at the end of the year assuming the amount of unexpired insurance related to future periods is $3250.
8. What is the ending balance of the Prepaid Insurance account from the adjusted trial balance? At the end of the current year, $13680 of fees have been earned but have not been billed to clients. Journalize the adjusting entry to record the accrued fees.
9. What is the ending balance of the Prepaid Insurance account from the adjusted trial balance? At the end of the current year, $13680 of fees have been earned but have not been billed to clients. Journalize the adjusting entry to record the accrued fees.
10. What is the ending balance of the Fees Earned account from the adjusted trial balance? At the end of the current year, $13680 of fees have been earned but have not been billed to clients. Journalize the adjusting entry to record the accrued fees.
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