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a . - b . Merchandise Invensory, before adjustment, has a balance of $ 8 , 8 0 0 . The newly counted inventory balance
ab Merchandise Invensory, before adjustment, has a balance of $ The newly counted inventory balance is $
c Unearned Seminor Fees has a balance of $ representing prepayment by customers for five seminars to be conducted in June, July, and August X Two seminars had been conducted by June
d Prepoid Insurance has a balance of $ for six months' insurance paid in advance on May X
e Store equipment costing $ was purchased on March It has a salvage value of $ and a useful life of five years
f Employees have earned $ that has not been paid at June security, $
h Management estimates uncollectible accounts expense at percent of sales. This year's sales were $
i Prepoid Rent has a balance of $ for six months' rent paid in advance on March
j The supplies account in the general ledger has a balance of $ A count of supplies on hand at June X indicated $ of supplies remain
k The company borrowed $ from Second Bancorp on June X and issued a fourmonth note. The note bears interest at percent.
Required:
Based on the information above, record the adjusting journal entries that must be made for Ambriz Distributors on June The company has a June fiscal yearend
Analyze:
After all adjusting entries have been journalized and posted, what is the balance of the Prepoid Rent account?
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Based on the information above, record the adjusting journal entries that must he made for Ambriz Distributors on June The company has a June fiscal yearend.
Note: Round your final answers to decimal places.
Journal entry worksheet
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