Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

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Mate Ease is an Internet dating service.ll members pay in advance to be listed in the database.dvance payments are credited to an account entitled Unearned Member Dues.djusting entries are performed on a monthly basis.n unadjusted trial balance dated December 31, 2015, follows.Bear in mind that adjusting entries have already been made for the first 11 months of 2015, but not for December.)

Other Data
1.ecords show that $21,000 of cash receipts originally recorded as unearned member dues had been earned as of December 31, 2015.
2.he company purchased a six-month insurance policy on October 1, 2015, for $19,200.
3.n November 1, 2015, the company paid $21,900 for rent through January 31, 2016.
4.ffice supplies on hand at December 31 amount to $440.
5.ll computer equipment was purchased when the business first formed.he estimated life of the equipment at that time was three years (or 36 months).
6.n March 1, 2015, the company borrowed $90,000 by signing a 12-month, 10 percent note payable.he entire note, plus 12 months' accrued interest, is due on March 1, 2016.
7.ccrued but unrecorded salaries at December 31 amount to $10,500.
8.stimated income taxes expense for the entire year totals $16,000.axes are due in the first quarter of 2016.
Instructions
a.or each of the numbered paragraphs, prepare the necessary adjusting entry (including an explanation).
b.etermine that amount at which each of the following accounts will be reported in the company's balance sheet dated December 31, 2015:
1.ash
2.nexpired Insurance
3.repaid Rent
4.ffice Supplies
5.omputer Equipment
6.ccumulated Depreciation: Computer Equipment
7.ccounts Payable
8.otes Payable
9.alaries Payable
10.nterest Payable
11.ncome Taxes Payable
12.nearned Member Dues
c.hy doesn't the company immediately record advance payments from customers as revenue