Question

Prepare adjusting entries on January 31 for each item below A. office supplies used $64,290. Acquisitions of office supplies were recorded in the inventory of office supplies ledger account.
B. Rent Revenue received in advance, $ 16200. Advance rent received is credited to the Rent Revenue ledger account.
C. Royalty revenue accrued from licensing a patent, $4,500.

Answer 1

Explanation:

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