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Question - The following is a partial unadjusted Trial Balance.
Bravo Unlimited Unadjusted Trial Balance (partial) 3/31/16
Accounts Debit Credit
Cash $27,500
Prepaid Expenses 2,800
Accounts Payable $15,000
Office Rent Expense 1,200
Machine Rent Expense 1,400
Bravo pays office rent at the beginning of each month of occupancy. The beginning balance of Prepaid Expenses account on March 1, 2016 was $700 and was for one month of machine rent. Machine rent is paid in advance at the end of each quarter. Use this information to make the General Journal entry (without explanation) for the required end of the month adjustment. If no entry is required then write "No Entry Required."
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