The following data is given for Debbies Dance Studio of Vernon: Adjustment Data a. Insurance expired, $300
Question:
The following data is given for Debbie’s Dance Studio of Vernon:
a. Insurance expired, $300
b. Dance supplies on hand, $700
c. Amortization on dance equipment, $500
d. Salaries earned by employees but not to be paid until July, $400
Required
1. Prepare a worksheet.
2. Journalize adjusting and closing entries.
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Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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