(Answered) Question - on january 1 2010 manovic ltd paid hulu 120 for

Accounting

Question - On January 1, 2010 Manovic LTD paid HULU $120 for internet movie access for the entire year of 2010.

1) Create the proper journal entry for Manovic as of January 1, 2010. Include description of entry below it.

2) Create the proper journal entry to recognize entertainment expense on January 31, 2010. Include description of entry below it.

3) How much entertainment expense will Manovic have incurred by March 31th, 2010?

4) How much prepaid entertainment will Manovic still have remaining on March 31th , 2010?

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