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Good Note Company specializes in the repair of music equipment and is owned and operated by Robin Stahl. On June 30, 20Y6, the end of

Good Note Company specializes in the repair of music equipment and is owned and operated by Robin Stahl. On June 30, 20Y6, the end of the current year, the accountant for Good Note prepared the following trial balances:

Good Note Company

Trial Balances

June 30, 20Y6

1

Unadjusted Debit Balances

Unadjusted Credit Balances

Adjusted Debit Balances

Adjusted Credit Balances

2

Cash

38,620.00

38,620.00

3

Accounts Receivable

90,440.00

90,440.00

4

Supplies

11,120.00

2,360.00

5

Prepaid Insurance

13,280.00

1,970.00

6

Equipment

290,340.00

290,340.00

7

Accumulated DepreciationEquipment

95,240.00

106,415.00

8

Automobiles

128,920.00

128,920.00

9

Accumulated DepreciationAutomobiles

54,175.00

61,805.00

10

Accounts Payable

24,365.00

25,665.00

11

Salaries Payable

7,890.00

12

Unearned Service Fees

17,910.00

9,790.00

13

Common Stock

93,000.00

93,000.00

14

Retained Earnings

241,285.00

241,285.00

15

Dividends

75,275.00

75,275.00

16

Service Fees Earned

725,600.00

733,720.00

17

Salary Expense

519,300.00

527,190.00

18

Rent Expense

53,525.00

53,525.00

19

Supplies Expense

8,760.00

20

Depreciation ExpenseEquipment

11,175.00

21

Depreciation ExpenseAutomobiles

7,630.00

22

Utilities Expense

13,845.00

15,145.00

23

Taxes Expense

7,970.00

7,970.00

24

Insurance Expense

11,310.00

25

Miscellaneous Expense

8,940.00

8,940.00

26

$1,251,575.00

$1,251,575.00

$1,279,570.00

$1,279,570.00

Compare the unadjusted trial balance to the adjusted trial balance. Journalize the seven entries that adjusted the accounts at June 30. None of the accounts were affected by more than one adjusting entry. Refer to the Chart of Accounts for exact wording of account titles.

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