Selected accounts of Conan Company are shown below. Instructions From an analysis of the T-accounts, reconstruct (a)

Question:

Selected accounts of Conan Company are shown below.

Instructions
From an analysis of the T-accounts, reconstruct
(a) The August transaction entries,
(b) The adjusting journal entries that were made on August 31, 2014.
Prepare explanations for each journalentry.

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Intermediate Accounting

ISBN: 978-1118147290

15th edition

Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield

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Question Posted: Jun 07, 2013 09:15 AM

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Selected accounts of Conan Company are shown below. Instructions From an analysis of the T-accounts, reconstruct (a)

Question:

Supplies 1,200 8/31 Salaries and Wages Expense Accounts Receivable Beg. Bal 12,100 3,600 8/31 Salaries and Wages Payable 8/15 8/31 2,600 2,100 8/31 2,100 Unearned Service Revenue 2,000 8/20 Service Revenue Supplies Expense 8/31 3,200 8/31 712 8/31 8/31 12,100 3,600 2,000

Step by Step Answer:

a 815 Salaries and Wages Expense 2600 Cash 2600 To record payment of August 15 payroll 817 Ac...View the full answer

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