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Chapter 3 Problem 3-4 Due Wednesday, September 6th (Assume that Depreciation Expense is 100% Selling...It doesn't tell you in the Additional Information) 1 question 10

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Chapter 3 Problem 3-4 Due Wednesday, September 6th (Assume that Depreciation Expense is 100% Selling...It doesn't tell you in the Additional Information) 1 question 10 points possible Due Wednesday, Sep 6 at 11:45 PM (EDT) The trial balance of Skysong Fashion Center contained the following accounts at November 30 , the end of the companys fiscal year. Adjustment data 1. Supplies on hand totaled $4,650 2. Depreciation is $16,665 on the equipment. 3. Interest of $9,990 is accrucd on notes payable at November 30 . Other data: 1. Salaries expense is 70% selling and 30% adeninistrative. 2. Rent expense and utilities expenses are 80% selling and 20% administrative. 3. $30,000 of nates payable are due for payment next year. 4. Maintenance and repairs expense is 100% administrative. (a) Joumalize the adjusting entries. (Credit account titles are automatically indented when amount is entered: Do not indent Journalize the adjusting entries. (Credit account titles are automatically indented when omount is entered, Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)

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