Answer: See explanation
Explanation:
Journal entry simply has to do with the recording of transactions in an accounting book which signifies the debit and credit balances of the company.
For the adjusting entries:
On Dec 31:
Interest expense:
= 16000 × 9% × 11/12
= 1320
Prepaid insurance
= 4400/24 × 9
= 1650
Check the attached file for further explanation.
Well thats ur opinion some people might not think it is hard
Hopefully that helps!let me know if you don't understand anything. also sorry, my ink got smudged on the 3rd question!
Answer:
Climate is determined by the temperature and precipitation characteristics of a region over time. The temperature characteristics of a region are influenced by natural factors such as latitude, elevation and the presence of ocean currents.
