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Adjustrent data: 1. Supplies on hand tataled $2,250. 2. Depreciation is $11,300 on the equipment. 3. Interest of $5,550 is acerued on notes payable at
Adjustrent data: 1. Supplies on hand tataled $2,250. 2. Depreciation is $11,300 on the equipment. 3. Interest of $5,550 is acerued on notes payable at Novamber 30 . 4. Invantory actually on hand is $45,500. (c) Journalize the adjusting sntries. (List all debit entries before credit entries. Credit account titles are cutomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Ent No. Date Account Titles and Explanation 1. Nov, 30 (To adjust supplies experse) 2. Nov. 30 (To adjust depreciation on equipment) 3. Nov. 30 (To adjust interest expense) 4. Nov. 30 Debit Credit (To adjust merchandise inventory) (d) Journalize the closing entries. (List all debit entries before credit entries. Credit occount titles are outomatically indented when amount is entered. Do not indent manually If no ent Date Account Titles and Explanation Debit Credit Nav 30 (To close accourits with credit balances) Nav 30 (To close accounts with debit balances) Nov 30 (To close net income / (loss)) Nov 20 (To close drawings) (e) Prepare a post-cleging trial balance
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