Question
Find out the adjustments and do the Journal entries of Adjustments Unadjusted Trial Balance Adjusted Trial Balance Adjustments Description DR CR DR CR Cash 9,800
Find out the adjustments and do the Journal entries of Adjustments
Unadjusted Trial Balance
Adjusted Trial Balance Adjustments
Description DR CR DR CR Cash 9,800 9,800 Prepaid Insurance
2,600 1,200 Equipment 19,000 19,000 Accumulated Amort Equipment
900 2,800
Salaries payable
3,000
Unearned repair fees
2,500 600
Repair fees earned
10,000 11,900
Salaries Exp 3,500 6,500 Amortization exp
1,900 Insurance Exp 700 2,100 Smith, capital 150,400 300 150,400
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Step: 1
Adjustments and Journal Entries Based on the unadjusted trial balance we need to make the following adjustments Accrued Insurance Expense Insurance ha...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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Get StartedRecommended Textbook for
Financial ACCT2
Authors: Norman H. Godwin, C. Wayne Alderman
2nd edition
9781285632544, 1111530769, 1285632540, 978-1111530761
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