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Assume the following adjustment data. 1. Supplies on hand at October 31 total $560. 2. Expired insurance for the month is $112. 3. Depreciation for
Assume the following adjustment data. 1. Supplies on hand at October 31 total $560. 2. Expired insurance for the month is $112. 3. Depreciation for the month is $92. 4. As of October 31, services worth $896 related to the previously recorded unearned revenue had been performed. 5. Services performed but unbilled (and no receivable has been recorded) at October 31 are $320. 6. Interest expense accrued at October 31 is $72. 7. Accrued salaries at October 31 are $1,568. Prepare a tabular summary to record adjustments for the items above using the summary that follows. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Accts. Prepd. Cash Rec. Supplies Insur. Bal. 17,024 0 2,800 672 1. 2. 3. 4. 5. 6. 7. Adj. Bal. Prepare a tabular summary to record adjustments for the items above using the summary that follows. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Equip. 5,600 Liabilit Accts. Int. Acc. Depr.- Equip. Notes Pay. Pay. Pay. 5,600 2,800 Prepare a tabular summary to record adjustments for the items above using the summary that follows. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Unearned Serv. Rev. 1,344 Sal. & Wages Pay. Com. Stock 0 11,200 Stockholders' Equity Retained + Rev. E> 11,200 Prepare a tabular summary to record adjustments for the items above using the summary that follows. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' Equity .,200 Rev. 11,200 Retained Earnings Exp. Div -5,488 -560 Depreciation Expense Salaries & Wages Expense Interest Expense Insurance Expense Rent Expense Service Revenue Supplies Expense
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