As the bookkeeper of Phil?s Plowing, you have been asked to complete the entire accounting cycle for

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As the bookkeeper of Phil?s Plowing, you have been asked to complete the entire accounting cycle for Phil from the following information.

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Use the following chart of accounts.

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1. Snow supplies on hand, $300.

2. Rent expired, $400.

3. Depreciation on office equipment, $180:

( $ 10 , 800 / 5 yr . = $ 2 , 160 / 12 mo . = $ 180 ) .

4. Depreciation on snow equipment, $100:

( $ 6 , 000 / 5 yr . = $ 1 , 200 / 12 mo . = $ 100 ) .

5. Accrued salaries, $270.

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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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