Financial accounting
A) At the end ofDecember 31, 2016, $22,650 of fees have been earned but have notbeen billed to clients. Please propose the adjusted journalentry.
Date
Account Name
Debit
Credit
B)The prepaid insurance account had a beginningbalance on Jan 1, 2016 is $9,600 and was debited for $12,900 ofpremiums paid during the year. Journalize the adjusting entryrequired at the end of the year on Dec 31, 2016, assuming theamount of unexpired insurance related to future periods is$7,360.
Date
Account Name
Debit
Credit
C) On June 1, 2016,Herbal Co. received $18,900 for the rent of land for 12 months.Journalize the adjusting entry required for unearned rent onDecember 31, 2016.
Date
Account Name
Debit
Credit
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