Business, 19.02.2021 16:10 wutwut2261

Below are transactions for Wolverine Company during 2021. a. On December 1, 2021, Wolverine receives $3,100 cash from a company that is renting office space from Wolverine. The payment, representing rent for December and January, is credited to Deferred Revenue.
b. Wolverine purchases a one-year property insurance policy on July 1, 2021, for $12,120. The payment is debited to Prepaid Insurance for the entire amount.
c. Employee salaries of $2,100 for the month of December will be paid in early January 2022.
d. On November 1, 2021, the company borrows $10,500 from a bank. The loan requires principal and interest at 10% to be paid on October 30, 2022.
e. Office supplies at the beginning of 2021 total $910. On August 15, Wolverine purchases an additional $2,500 of office supplies, debiting the Supplies account. By the end of the year, $410 of office supplies remains.

Required:
Record the necessary adjusting entries at December 31, 2018, for Wolverine Company.

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Below are transactions for Wolverine Company during 2021. a. On December 1, 2021, Wolverine receive...