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    Preparing The Reversing Entries, Problem #6

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    Feiya Liu
    This document records accounting transactions on January 1, 2020, including an insurance expense of $25,000 paid with prepaid insurance, interest income of $17,000 received which was credited to interest receivable, salaries payable of $35,000, and unearned rent revenues of $80,000 received which was credited to rent revenues.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Preparing The Reversing Entries, Problem #6

    Uploaded by

    Feiya Liu
    350 views1 page
    This document records accounting transactions on January 1, 2020, including an insurance expense of $25,000 paid with prepaid insurance, interest income of $17,000 received which was credited to interest receivable, salaries payable of $35,000, and unearned rent revenues of $80,000 received which was credited to rent revenues.

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    Preparing the Reversing Entries, Problem #6

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    This document records accounting transactions on January 1, 2020, including an insurance expense of $25,000 paid with prepaid insurance, interest income of $17,000 received which was credited to interest receivable, salaries payable of $35,000, and unearned rent revenues of $80,000 received which was credited to rent revenues.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    350 views1 page

    Preparing The Reversing Entries, Problem #6

    Uploaded by

    Feiya Liu
    This document records accounting transactions on January 1, 2020, including an insurance expense of $25,000 paid with prepaid insurance, interest income of $17,000 received which was credited to interest receivable, salaries payable of $35,000, and unearned rent revenues of $80,000 received which was credited to rent revenues.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 1

    Date Debit Credit

    2020
    Jan 1 Insurance Expense 25,000
    Prepaid Insurance 25,000

    1 Interest Income 17,000


    Interest Receivable 17,000

    1 Salaries Payable 35,000


    35,000

    1 Unearned Rent Revenues 80,000


    Rent Revenues 80,000

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