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Adjusting Entries Good Note Company specializes in the repair of music equipment and is owned and operated by Robin Stahl. On November 30, 2019, the
Adjusting Entries Good Note Company specializes in the repair of music equipment and is owned and operated by Robin Stahl. On November 30, 2019, the end of the current year, the accountant for Good Note prepared the following trial balances: Good Note Company Trial Balance November 30, 2019 Unadjusted Adjusted Debit Balances Credit Balances Debit Balances Credit Balances Cash 40,470 40,470 115,940 115,940 Accounts Receivable Supplies 12,030 3,730 2,910 Prepaid Insurance 15,310 Equipment 528,000 528,000 100,080 113,090 121,410 121,410 57,970 26,250 Accumulated Depreciation Equipment Automobiles Accumulated Depreciation-Automobiles Accounts Payable Salaries Payable Unearned Service Fees Robin Stahl, Capital Robin Stahl, Drawing 60,870 27,300 8,200 6,460 553,000 19,140 553,000 79,300 79,300 792,570 805,250 Service Fees Earned Salary Expense Rent Expense 546,870 56,870 Supplies Expense Depreciation Expense-Equipment | Depreciation Expense-Automobiles 555,070 56,870 8,300 13,010 2,900 14,720 8,750 12,400 10,390 | 13,670 8,750 Utilities Expense Taxes Expense Insurance Expense Miscellaneous Expense 10,390 1,549,010 1,549,010 1,574,170 1,574,170 Required: Journalize the seven entries that adjusted the accounts at November 30. None of the accounts were affected by more than one adjusting entry. 2019 Nov.30 Required: Journalize the seven entries that adjusted the accounts at November 30. None of the accounts were affected by more than one adjusting entry. 2019 Nov.30
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