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Consider the unadjusted trial balance of Princess, Inc. at December 3 1 , 2 0 2 3 , and the related month - end adjustment
Consider the unadjusted trial balance of Princess, Inc. at December and the related monthend adjustment data.
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Requirement
Prepare the adjusted trial balance of Princess, Inc. at December The unadjusted balances have been entered for you. Key each adjusting entry by letter
Prepare the singlestep monthly income statement, the statement of retained earnings, and the classified balance sheet
Requirement Using the worksheet, prepare the adjusted trial balance of Princess, Inc, at December The unadjusted balances have been entered for you. Key each adjusting entry by letter.
Calculate the total debits and credits. Then calculate the adjusted balance of each account and total the debit and credit columns in the adjusted trial balance.
More Info
Adjustment data at December :
a Accrued service revenue at December $
b Prepaid rent expired during the month. The unadjusted prepaid balance of $ relates to the perio
d Deprecalition on fongecember.
d Depreciation on furniture for the month. The estimated useful life of the furniture is five years.
e Accrued salary expense at December for Monday, Tuesday and Wednesday. The fiveday weekly on a Wednesday
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