Consider the data in Figure 5.25 for Deb?s Dance Studio: Adjustment Data 1. Insurance expired, $1,000. 2.

Question:

Consider the data in Figure 5.25 for Deb?s Dance Studio:

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Adjustment Data

1. Insurance expired, $1,000.

2. Dance supplies on hand, $1,100.

3. Depreciation on dance equipment, $2,500.

4. Salaries earned by employees but not due to be paid until December, $800.

Your task is to do the following:

1. Prepare a worksheet.

2. Journalize adjusting and closing entries.

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Related Book For  book-img-for-question

College Accounting A Practical Approach

ISBN: 9780134729312

14th Edition

Authors: Jeffrey Slater, Mike Deschamps

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