From the adjustments section of a worksheet (see Figure 5.21 ), prepare adjusting journal entries for the
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From the adjustments section of a worksheet (see Figure 5.21 ), prepare adjusting journal entries for the end of January.
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Adjustments Dr. Cr. Prepaid Rent Office Supplies (A) 150000 (B) 65000 (C) 32500 Accumulated Depreciation, Equipment Salaries Payable (D) 80000 Rent Expense (A) 150000 Office Supplies Expense (B) 65000 Depreciation Expense, Equipment (C) 32500 Salaries Expense (D) 80000 327500 Totals 327500
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Date 201X Account Titles and Description PR Dr Cr Adjusting Entri...View the full answer
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College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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A journal entry is an act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company\'s debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit
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