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Based on the Unadjusted Trial Balance below, which accounts might need adjusting entries at the end of the accounting period to prepare to build the
Based on the Unadjusted Trial Balance below, which accounts might need adjusting entries at the end of the accounting period to prepare to build the financial statements (Select ALL that apply).
Unadjusted Trial Balance | ||
As of 12/31/20xx | ||
Accounts | Debit | Credit |
Cash | $6,500 | |
Accounts Receivable | 10,000 | |
Inventory | 25000 | |
Prepaid Insurance | 12,000 | |
Supplies | 4,500 | |
Building | 65,000 | |
Accounts Payable | $1,600 | |
Deferred Revenue | 3,200 | |
Notes Payable | 80,000 | |
Common Stock | 2,400 | |
Retained Earnings | 31,800 | |
Dividends | 2,000 | |
Service Revenue | 9,200 | |
Rent Expense | 1,900 | |
Supplies Expense | 300 | |
Utility Expense | 1,000 | |
Totals | $128,200 | $128,200 |
Common Stock
Cash
Prepaid Insurance
Supplies
Retained Earnings
Dividends
Accounts Payable
Deferred Revenue
Accounts Receivable
Inventory
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