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Edwards Engineering adjusts and closes its books at the end of the year to prepare financial statements. The trial balance on December 31, 2022,

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Edwards Engineering adjusts and closes its books at the end of the year to prepare financial statements. The trial balance on December 31, 2022, before adjustments is as follows: Edward's Engineering Unadjusted Trial Balance Cash. Accounts Receivable. Supplies. Prepaid Advertising. Equipment. Accumulated Depreciation: Equipment. Unearned Consulting Fees... Income Taxes Payable Capital Stock... Retained Earnings. Consulting Fees Earned. Salaries Expense.. Utilities Expense Rent Expense.. December 31, 2022 Debit Credit $39,645 27,000 3,375 7,560 64,800 $22,500 17,550 15,840 18,000 23,850 78,570 28,800 1,080 4,050 $176.310 $176.310 The following information relates to year-end adjustments: (a) According to contracts, consulting fees received in advance that were earned by year-end total $15,300. (b) On October 1, 2022, the company paid in advance for 6 months' advertising in professional journals. (c) On December 31, supplies on hand amount to $2,205. (d) The equipment was purchased November 12, 2021. It has an original estimated useful life of 3 years. The half-month convention is used. Straight-line depreciation is used. (e) Salaries earned but not paid until January 1, equal $2,400. (f) Utilities used in December that will not be paid until January total $75.

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