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A Question 7 14 p Using a table, make an adjusting journal entry for each transaction. Omit explanations. Here is an example c a table.
A Question 7 14 p Using a table, make an adjusting journal entry for each transaction. Omit explanations. Here is an example c a table. Number Account Debit Credit 1. Depreciation on equipment is $1,340 for the accounting period. 2. Calculate the Interest owed on a loan but not paid or recorded. The note is $32,000 with a 5% interest rate. Three months have past. (formula 1 - PxRxT) 3. There was no beginning balance of supplies and $550 of office supplies were purchased during the period At the end of the period $100 of supplies were on hand. 4. Prepaid rent had a $1,000 normal balance prior to adjustment. By year end $700 had expired (has been used). 5. Accrued salaries at the end of the period amounted to $900. Edit Format Table 12pt Paragraph BIA~~
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