Adjusting Journal Entries

accounting question and need an explanation and answer to help me learn.

Rules:
A.For ANY problem involving a calculation, CLEARLY SHOW HOW you performed the calculation.
B.For ANY problem involving an entry, identify EACH account that you debited and credited as either a(an):
1)Asset (includes contra-assets) You can abbreviate with an A
2)Liability (includes contra-liabilities) You can abbreviate with an L
3)Equity (includes contra-equities) You can abbreviate with an EQ
4)Revenue (includes contra-revenues AND gains) You can abbreviate with an R
5)Expense (includes losses) You can abbreviate with an EX
For example, if you make the following entry:
Cash $100 Place an “A” to the left of “Cash”
Sales revenue $100 Place an “R” to the left of “Sales Revenue”
Thus, your final answer would look like this:
A Cash $100
R Sales revenue $100
UNACCEPTABLE ENTRY FORMATS. Format your entries like the example above. DO NOT give me entries that look like the following:
A Cash $100
R Sales revenue $100
or
A Cash $100
R Sales revenue $100
or
A Cash $100
R Sales revenue $100
or
A Cash $100
R Sales revenue $100

Questions:
(10 points) Prepare the Adjusting Journal Entries (AJEs) that should be made on December 31, 2022, the end of the accounting year, for each of the following independent situations. If no AJE is required, indicate “none.” Assume the firm only makes AJEs at the end of the accounting year.
a.On March 31, 2022, the firm collected $9,000 of rent for 9 months in advance. The journal entry to record the receipt included a credit to a balance sheet account.
b.On September 1, 2022, the firm collected $6,000 of rent for 6 months in advance. The journal entry to record the receipt included a credit to a balance sheet (real) account.
c.On November 30, 2022, the firm collected $3,000 of rent for 3 months in advance. The journal entry to record the receipt included a credit to a permanent account.
d.On May 1, 2022, the firm collected $4,000 of rent for 4 months in advance. The journal entry to record the receipt included a credit to an income statement account.
e.On April 1, 2022, the firm paid $6,000 for a 6-month insurance policy. The journal entry to record the payment included a debit to a permanent account.
f.On September 1, 2022, the firm paid $3,000 for a 3-month rental of a machine. The journal entry to record the payment included a debit to an income statement (temporary) account.
g.On April 1, 2022, the firm paid $12,000 for a 12-month rental of a machine. The journal entry to record the payment included a debit to an income statement account.
h.On August 31, 2022, the firm paid $7,000 for an 7-month rental of a machine. The journal entry to record the payment included a debit to a real (balance sheet) account.
i.On July 31, 2022, the company borrowed $360,000 at 3%. The principle is due on March 1, 2023. The interest is due every three months and the first interest payment took place on November 1, 2022.
j.On August 1, 2019, the company borrowed $6,000,000 for six years at 6%. The interest is due and payable every year and the first interest payment took place on August 1, 2020. The principle is due and payable in six equal installments and the first principal payment took place on August 1, 2020. The company makes its interest and principal payments on a timely basis.
3. (2 points) Presented below are selected account balances for C Company as of 12-31-xx:
Cash $ 400,000
Accounts payable $ 150,000
Retained earnings $3,750,000
Sales revenues $1,800,000
Gain on the sale of a stock investment $ 15,000
Cost of goods sold $ 600,000
Selling and administrative expenses $ 400,000
Interest expense $ 20,000
Income tax expense $ 210,000
a.Prepare the ONE SINGLE entry C should make to close out all of the temporary accounts. Do NOT use an “income summary” account – close each temporary account directly into retained earnings.
b.What is C’s retained earnings balance AFTER making the closing entry?
Requirements:

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