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Chloe s Computer Services prepared the following unadjusted trial balance at the end of its first year of operations: Journalize the adjusting entries necessary on
Chloes Computer Services prepared the following unadjusted trial balance at the end of its first year of operations:
Journalize the adjusting entries necessary on December Y using the following data:
a The balance in Prepaid Insurance represents a December prepayment of insurance for months.
b Depreciation of equipment was estimated to be $ for the year.
c Unpaid wages accrued on December were $
d Fees earned but unbilled on December were $
e The balance in unearned fees represented the December receipt in advance for services to be provided. During December, $ of the services were provided.
Omit the $ sign when entering the debit and credit amounts. Include commas if the number requires one. First two columns are for Description Account Titles. Last two columns are debit and credit columns.
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