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question prepare the annual adjusting entries for the followingtransactions a on aug 4291967


Prepare the annual adjusting entries for the followingtransactions:

a. On August 1, Johnson paid one year in advance for officespace. The Prepaid Rent account and Cash accounts in the amount of$24,000 were used to record the payment.

b. On October, Johnson received payment in advance for servicesto be performed over the next 12 months. The amount was $12,000 andthe Cash and Unearned Fee Revenue accounts were used.

c. As of December 31, Johnson had not recorded unpaid wages of$500.

d. During November and December, Johnson provided services to aclient in the amount of $5,400 but had not yet billed theclient.

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