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a. 201= 20 23. McLeod Consultants prepares financial statements on 31 Oct every year. Pass the following adjustment entries for Oct 2019: It was found

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a. 201= 20 23. McLeod Consultants prepares financial statements on 31" Oct every year. Pass the following adjustment entries for Oct 2019: It was found that interest of $85 had accrued on notes receivable. b. It was discovered that $14,000 of the balance in Consulting revenue account was for services to be performed in November. 6 Accrued wages at Od. 31 totalled $6,800. d. The Office furniture worth $84,000 was purchased on March 1,2019 and has useful life of 7 years and after seven years of use, it is expected to be worthless. e. The balance of $3,400 in prepaid insurance account represents the remaining balance of two-year policy purchased on April 1,2018. 10 7

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