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Hi, please help! Please provide the detailed solution of how you get these answers, and answer the question FOLLOW THE CHART. Also, make sure you
Hi, please help! Please provide the detailed solution of how you get these answers, and answer the question FOLLOW THE CHART. Also, make sure you answer ALL the questions. Thank you!
Exercise 22-19 (Pt Level Submission) A partial trial balance of Nash Corporation is as tollows on December 31, 2018 Dr Cr. $2,800 Salaries and wages payable Interest Receivable Prepaid Insurance Unearned Rent Interest Payable $1,300 5,100 92,100 15,100 Additional adjusting data 1. A physical count of supplies on hand on December 31, 2018, totaled $1,200. 2. Through oversight, the Salaries and Wages Payable account was not changed during 2018. Accrued salaries and wages on December 31, 2018, amounted to $4,700. 3. The Interest Receivable account was also left unchanged during 2018. Accrued interest on investments amounts to $3,900 on December 31, 2018. 4. The unexpired portions of the insurance policies totaled $64,500 as of December 31, 2018. 5 $27,900 was received on January 1, 2018, for the rent of a building for both 2018 and 2019. The entire amount was credited to rent revenue. 6. Depreciation on equipment for the year was erroneously recorded as $5,200 rather than the correct figure of $52,000 7. A further review of depreciation calculations of prior years revealed that equipment depreciation of $6,500 was not recorded. It was decided that this oversight should be corrected by a prior period adjustmentStep by Step Solution
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