The following information has been taken from Out Loud Comedy Clubs unadjusted and adjusted trial balances at
Question:
The following information has been taken from Out Loud Comedy Club’s unadjusted and adjusted trial balances at October 31, 2023.
Given this trial balance information, prepare the adjusting journal entries.
Transcribed Image Text:
Unadjusted Adjusted Debit Credit Debit Credit $2,350 Prepaid insurance $3,100 Interest payable Insurance expense -0- Interest expense -0- $-0- 750 750 $750
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2023 Oct Insurance Expense 31 31 ...View the full answer
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Related Book For
Fundamental Accounting Principles Volume 1
ISBN: 9781260881325
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
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