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Can anybody help me with these? The ledger of Metlock, Inc. on March 31, 2017, includes the following selected accounts before adjusting entries. Credit Supplies
Can anybody help me with these?
The ledger of Metlock, Inc. on March 31, 2017, includes the following selected accounts before adjusting entries. Credit Supplies Prepaid Insurance Equipment Unearned Service Revenue Debit 4,490 2,560 36,000 11,000 An analysis of the accounts shows the following. 1. Insurance expires at the rate of $320 per month. 2. Supplies on hand total $900. 3. The equipment depreciates $240 per month. 4. During March, services were performed for two-fifths of the unearned service revenue. Prepare the adjusting entries for the month of March. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 4Step by Step Solution
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