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G H L M Instructions a. Journalize the March transactions. b. Post to the ledger accounts. (Use T-accounts.) c. Prepare a trial balance at
G H L M Instructions a. Journalize the March transactions. b. Post to the ledger accounts. (Use T-accounts.) c. Prepare a trial balance at March 31.1 d. Journalize the following adjustments. 1. Services performed but unbilled and uncollected at March 31 was $200. 2. Depreciation on equipment for the month was $250. 3. One-sixth of the insurance expired. 4. An inventory count shows $280 of cleaning supplies on hand at March 31. 5. Accrued but unpaid employee salaries were $1,080, 6. One month of the prepaid rent has expired. 7. One month of interest expense related to the note payable has accrued and will be paid April 1. (Hint: Use the formula from Illustration 4.19 to compute interest.) e. Post adjusting entries to the T-accounts. f. Prepare an adjusted trial balance. & Prepare the income statement and a retained earnings statement for March and a classified balance sheet at March 31.
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