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c A partial tabular summary of transactions for Marin Inc. on March 31, 2022, Includes the following accounts before adjustments Assets Liabilities Stockholders Equity Prepaid
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A partial tabular summary of transactions for Marin Inc. on March 31, 2022, Includes the following accounts before adjustments Assets Liabilities Stockholders Equity Prepaid Insur Acc Depr. Equip Unearned Serv. Rev Supplies Equip Rev Exp 3.150 3,024 37.800 46,048 12.600 An analysis of the accounts shows the following 1. Insurance expires at the rate of $ 378 per month. 2 Supplies on hand total $ 1.134. 3. The equipment depreciates $ 252 per month During March, services were performed for two-fifths of the unearned service revenue. 4. Prepare a tabular summary to record adjustments for the month of March. Include an explanation for each adjustment. (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. Prepare a tabular summary to record adjustments for the month of March. Include an explanation for each adjustment of transaction results in a decrease in Assets, Labilities 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 Supplies Prepaid Insurance Equip. Ace Dept Equip Unadj. Bal. 3,150 3,024 37,800 60 Adj. 1 Adj. 2 Adj. 3 Adj. 4 Adj. Bal Prepare a tabular summary to record adjustments for the month of March. Include an explanation for each adjustment of a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Liabilities Stockholders' Equity Uneamed Serv. Rev Rev. Exp 6,048 12,600 Step by Step Solution
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