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Brief Exercise 4-2 The ledger of Culver Company includes the following unadjusted balances: Prepaid Insurance $3,000, service Revenue $58,000 and Salaries and Wages Expense $25,000.
Brief Exercise 4-2 The ledger of Culver Company includes the following unadjusted balances: Prepaid Insurance $3,000, service Revenue $58,000 and Salaries and Wages Expense $25,000. Adjusting entries are required for a expired insurance $2,000; (b) services performed $1,900, but unbilled and uncollected; and (c) accrued salaries payable $900 Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts CULVER COMPANY Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Titles Dr Cr Dr Cr Cr Dr Cr Dr Cr Prepaid Insurance Service Revenue Salaries and Wages Expense Accounts Receivable Salaries and Wages Payable Insurance Expense
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