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Bill Goat owns Bill's Animal Hospital. The company completes the worksheet and adjusting entries on a yearly basis. The unadjusted trial balance is completed in

Bill Goat owns Bill's Animal Hospital. The company completes the worksheet and adjusting entries on a yearly basis. The unadjusted trial balance is completed in the worksheet below.

Instructions: (A) Enter the following adjustment amounts into the worksheet below.

1. The insurance policy was purchased for $4,500 for one year, starting September of this year.

2. The interest rate on the Note Payable is 6%. It was signed effective June 1 of this year.

3. $1,000 of the Unearned Revenue has been earned during the month.

4. Wages of $350 are owed at the end of the month.

5. Supplies on hand at the end of the month is $600.

6. Depreciation is calculated at $550 per month.

(C) Complete the remaining columns on the worksheet.

image text in transcribedimage text in transcribed

Bill's Animal Hospital INInvlr hnnt Totals 180,450180,450 Net Income Totals

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