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f Accounting Cycle Project Question 1 of 1 14.29 / 50 III (c) Adjustment data: 1. Accrued salaries payable $500. 2. Depreciation $200 per month.
f Accounting Cycle Project Question 1 of 1 14.29 / 50 III (c) Adjustment data: 1. Accrued salaries payable $500. 2. Depreciation $200 per month. 3. Supplies on hand $1,500. 4. Income tax due and unpaid at December 31 is $100. Journalize the adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. Post the above adjusting entries. (Post entries in the order of journal entries presented above.) Cash 12/1 Bal. 6,700 12/6 1,600 12/8 1,900 12/15 2,000 12/10 5,800 12/20 1,500 12/27 10,185 12/23 6,860 12/31 Bal. 12,625 Accounts Receivable 12/1 Bal. 4,100 12/8 1.900 12/18 10,500 12/27 10.500 12/31 Bal. 2,200 Inventory 12/1 Bal. 11,500 12/10 3,900 12/13 7,000 12/18 6,900 12/23 140 12/31 Bal. 7,560 Supplies 12/1 Bal. 1.200 12/15 2,000 Equipment 12/1 Bal. 22,000 12/31 Bal. 22,000 Accumulated Depreciation Equipment 12/1 Bal. 2,200 Accounts Payable 12/23 7,000 12/1 Bal. 4,000 12/13 7,000 12/31 Bal. 4,000 Salaries and Wages Payable 12/6 1.000 12/1 Bal. 1,000 Common Stock 12/1 Bal. 15,000 12/31 Bal. 15,000 Retained Earnings 12/1 Bal. 23,300 12/31 Bal. 23,300 Sales Revenue 12/10 5,800 12/18 10,500 12/31 Bal. 16,300 Sales Discounts 12/27 315 12/31 Bal. 315 Cost of Goods Sold 12/10 3,900 12/18 6,900 12/31 Bal. 10,800 Salaries and Wages Expense 12/6 600 12/20 1.500 Income Taxes Payable Depreciation Expense Supplies Expense Income Tax Expense
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