# Melissa Carmeanbrsh oger o118. On November 1 of the current year, Salinger Company paid \$9,600 cash for a one-year insurance policythat took effect on that day. On the date of the payment, Salinger recorded the following entry:Nov. 01Prepaid Insurance9,600Cash9,600Prepare the required adjusting entry at December 31 of the current year.bioc ton19. Abdulla Co. collected 6-months' rent in advance from a tenant on October 1 of the current year. When itcollected the cash, it recorded the following entry:October 01Cash15,000Unearned Rent Revenue15,000Prepare the required adjusting entry at December 31 of the current year.

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\$1600 is calculated by multiplying ...

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