Adjusting entries for prepaid insurance, unearned revenue and prepaid rent and ledger accounts Non-GST version Monthly C

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Adjusting entries for prepaid insurance, unearned
revenue and prepaid rent and ledger accounts
Non-GST version
Monthly Craft Magazine’s ledger includes the following accounts:
Subscriptions revenue, Unearned subscriptions revenue, Prepaid
insurance, Insurance expense, Prepaid rent and Rent expense.
The following transactions relating to subscriptions, insurance
and rent occurred on the dates indicated. Ignore GST.
Subscriptions
Insurance
Rent
Required
(a) Record the necessary adjusting entry at 30 June 2023
(the end of the financial year).
Please remember to include your rounded final answers in
the relevant T-account below in part (b) of this question as
well.
(Expired insurance)
(b) For each of the transactions listed above in this
question, enter the beginning balance amount in the relevant
T-account and post the amounts from the transactions directly to
the relevant T-accounts. Then post the amounts from the adjusting
entries from part (a) to the relevant
T-accounts.