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Begin by journalizing the adjusting entries. (If an adjustment is not needed, select No entry required on the top line of the journal entry and
Begin by journalizing the adjusting entries.
(If an adjustment is not needed, select "No entry required" on the top line of the journal entry and leave all other cells blank. Record debits first, then credits. Exclude explanations from any journal entries.)
a. Physical count of inventory on December 31 showed 800 units of goods on hand, with a cost of $3,848.
%) PS5-51 Practice Set (book/static) X i - He More Info Crystal Clear Cleaning's post-closing trial balance at November 30, 2018, is as follows: (Click the icon to view the post-closing trial balance.) Crystal Clear Cleaning has decided that, in addition to providing cleaning services, it will sell cleaning products. Crys transactions: i (Click the icon to view the transactions.) Read the requirements. Begin by journalizing the adjusting entries. (If an adjustment is not needed, select "No entry required" on the top line entries.) The goods cost Crystal Clear $400. 21 Received payment from Happy Maids, settling the amount due in full. 28 Sold 500 units of goods to Bridget, Inc. on account for $6,500 (cost $2,022). Terms 1/15, n/30. 29 Paid cash for utilities of $550. 30 Paid cash for Sales Commission Expense of $214. 31 Received payment from Bridget, Inc., less discount. 31 Recorded the following adjusting entries: a. Physical count of inventory on December 31 showed 800 units of goods on hand, with a cost of $3,848. b. Depreciation, $150. C. Accrued salaries expense of $2,100. d. Estimated sales returns of $1,500, with cost of $540. e. Prepared all other adjustments necessary for December (Hint: You will need to review the adjustment information from November to determine the remaining adjustments). Assume the cleaning supplies left at December 31 are $50. a. Physical count of inventory on December 31 showed 800 units of goods on hand, with a cost of $3,848. Date Accounts Debit Credit Dec. 31 Adj. (a) Choose from any list or enter any number in the input fields and then click Check Answer. Print Done parts remaining CEAI AI LICUR ALISVenStep by Step Solution
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