Question
D Question 31 5 pts XYZ Company prepares monthly financial statements. In the tabular summary below are selected accounts and their balances on September
D Question 31 5 pts XYZ Company prepares monthly financial statements. In the tabular summary below are selected accounts and their balances on September 30 before any adjustments have been made for the month of September. Assets Liabilities + Stockholders' Equity Accum. Unearned Prepaid Depr.- Rent Supplies +Ins. Equip Equip. Rev. Revenue Expense Bal 1.500 + 3,600 +16,200 1,000 1,200 An analysis of the ccount balances by the company's accountant provided the following additional information: 1. A physical count of office supplies revealed $500 on hand on September 30. 2. A two-year life insurance policy was purchased on September 1 for $3,600.
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