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Analyze the statements and prepare the seven adjusting entries that likely were recorded. Hint: Entry for a refers to fees that have been earned but
Analyze the statements and prepare the seven adjusting entries that likely were recorded. Hint: Entry for a refers to fees that have been earned but not yet billed. None of the entries involve cash.
Income Statements For Year Ended December 31 Unadjusted Adjusted Revenues $24,000 42,500 $66,500 $31,200 42,500 73,700 Fees earned Commissions earned Total revenues Expenses Depreciation expense-Computers Depreciation expense-Office furniture Salaries expense C 1,800 2,100 15,440 1,560 0 12,500 Insurance expense Rent expense Office supplies expense Advertising expense Utilities expense 4,500 4,500 576 3,000 3,000 1,334 30,310 1,250 21,250 Total expenses $45,250 $43,390 Net income Analyze the statements and prepare the seven adjusting entries that likely were recorded. Hint: Entry for a been earned but not yet billed. None of the entries involve cash View transaction list Journal entry worksheet 2 3 1 4 5 6 7 Record the adjusting entry for accrued revenues. Note: Enter debits before credits. Event Debit General Journal Credit aStep by Step Solution
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