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P4.10B (LO2,3,4) (Record and post transaction and adjusting entries; prepare unadjusted and adjusted trial balances and financial statements.) On Augu, 2024, Rijo Equipment Repair Corp.'s
P4.10B (LO2,3,4) (Record and post transaction and adjusting entries; prepare unadjusted and adjusted trial balances and financial statements.) On Augu, 2024, Rijo Equipment Repair Corp.'s opening trial balance was as follows. The company prepares adjusting entries monthly. . Debit Credit Cash $9,760 Accounts receivable 7,440 Supplies 1,600 Equipment 30,000 Accumulated depreciation-equpment $3,000 Accounts payable 6,200 Salaries payable 1,400 Deferred revenue 800 Common shares 20,000 Retained earnings 17,400 $48,800 $48,800
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