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How to solve The unadjusted trial balance and income statement amounts from the December 3 1 adjusted trial balance of Lauer Production Company follow: (
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The unadjusted trial balance and income statement amounts from the December adjusted trial balance of Lauer Production Company follow:
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Journalize the adjusting and closing entries of Lauer Production Company at December There wa explanations from any journal entries.
Begin with adjusting entries. First, adjust the Service Revenue account.
Journal Entry
tableDateAccounts,Debit,CreditUnearned Service Revenue,,Service Revenue,,Salary Expense,,Salary.Payable.,,Rent Expense,,
Data table
tabletableAccounttableUnadjusted TrialBalanceAdjustments,tableAdjusted TrialBalanceDebitCredit,Debit,Credit,Debit,CreditCashPrepaid rent,EquipmenttableAccumulateddepreciationequipmentAccounts payable,,Salary payable,,,,,,Unearned service revenue,,Income tax payable,,,,,,Notes payable, longterm,,Common stock,,Retained earnings,,DividendsService revenue,,Salary expense,Rent exnence,
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