Question 7 at january 31 mookie the beagle concierge has incurred $110 of accounting services for assistance with qbo. this amount has not been paid nor recorded by mookie the beagle concierge, so an adjusting entry is needed to record the expense incurred. Question 8 so at the end of the accounting period on january 31. 1 month of rent had expired at $8.00. since mookie the beagle concierge had not recorded the transaction, the entire $8.00 should be recorded as renter insurance expense with an adjusting entry to bring accounts up to date at january 31.
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