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How Do the following adjustments go into a general journal A late sales invoice was received from the sales department for services performed by the

How Do the following adjustments go into a general journal

  1. A late sales invoice was received from the sales department for services performed by the owner, Jane Doe. The fees charged were $100 plus 13% HST and were paid on account.
  2. Supplies remaining in the storeroom are valued at $480.
  3. Six (6) months worth of insurance was prepaid on January 1st of this year.
  4. Employees are paid $4,000 every two weeks. The last pay day was January 24th.
  5. The car is two years old as of January 1st and is amortized using the declining balance method at a rate of 20%. (Hint: subtract the accumulated amortization in the trial balance from the original cost to get the amount you need to calculate the current year's amortization.)
  6. Equipment is amortized using the straight-line method. It is three years old and is expected to last for another seven years (useful life = 10 years). In seven years, it is expected to have a scrap value of $3,000.

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