Prepare the adjusting journal entries for Freezy-Freese Inc….

Prepare the adjusting journal entries for Freezy-Freese Inc. as of 12/31/2023. On June 1, 2023, Freezy-Freese paid cash for rent for the next 12 months for $120,000. At that time, all $120,000 was recorded as Prepaid Rent. (I want the journal entry for 12/31/23, NOT the entry for 6/1/23.)

For the following journal entries, describe the transaction…

For the following journal entries, describe the transaction that took place for this journal entry to be recorded. Assume it is from the perspective of Freezy-Freeze Inc and that each transaction is independent of another.    Dr. Accounts Receivable 2,300             Cr. Revenue                            2,300