Business, 27.02.2020 00:08 sanchezvianna55

Prepaid rent for one year on January 1, 2019, in the amount of $95,760. Record the adjustment on January 31, 2019. Purchased supplies for $4,600 on January 1, 2019. The inventory of supplies was $2,200 on January 31, 2019. Record the adjustment for the amount of the supplies that were used during the month of January 2019. Depreciation is computed using the straight-line method. Equipment purchased on January 1, 2019, for $31,200 has an estimated useful life of 4 years with no salvage value. Record the adjustment on January 31, 2019. Signed a 12-month contract for $4,800 of prepaid advertising on January 1, 2019. Record the adjustment for the amount of the advertising contract that expired during the month of January 2019.

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Prepaid rent for one year on January 1, 2019, in the amount of $95,760. Record the adjustment on Jan...

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