Question

w History Bookmarks People Window Help com/flowic cSUDH portal Interval InternatoSAM-Activity Ca Othes ork 0 Help Save & Exit Submit Check my work The information necessary for preparing the 2018 year-end adjusting entries for Vito's Pizza Parlor appears below. Vito's fiscal year- end is December 31 a On July 1, 2018, purchased $20,000 of IBM Corporation bonds at face value. The bonds pay interest twice a year on January 1 and July 1. The annual interest rate is 9%. The straight-line depreciation method is used months' rent and credited deferred rent revenue C. On November 1,2018, the bar area was leased to Jack Donaldson for one year. Vito's received $9,000 representing the first six d. On Apri 1, 2018, the company paid $1,200 for a two-year fire and liability insurance policy and debited insurance expense e. On October 1, 2018, the company boro ed $1 from a local bank and signed a note. Principal and interest at 9% will be paid on September 30, 2019 is a $1150 debit balance in the supplies (asset) account. Only $600 of supplies remain on hand Required: Prepare the necessary adjusting journal entries at December 31, 2018. 2. Determine tihe amountwich etne would e mssed to record these adjusting entries. (gnore income tax Complete this question by entering your answers in the tabs below Required1 Required 2 Prex 3 of4 Next> 5 8

Answer 1

1.Journal entries at December 31,2018

2) Answer