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I have been unable to find a solution to problem 4-2B and would appreciate someone who could show me how to prepare a work sheet
I have been unable to find a solution to problem 4-2B and would appreciate someone who could show me how to prepare a work sheet for this. This is from Paradigm College Accounting 5th Edition by Robert L. Dansby, Burton S. Kaliski, Michael D. Lawrence. Thank you in advance!
1ans on 2 Directions: Record each adjusting entry in general journal form. Problem 4-2B Learning Objective 3 Objective: To prepare a work sheet The following Check Figure Net income $13,025 are the account balances of Tujo Enterprises on December 31, 20X2 Account Balance $5,500 Cash Accounts Receivable 2,500 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable John Tujo, Capital John Tujo, Drawing 2,100 1,760 42,000 10,500 8,600 30,970 16,500 97,000 Fees Earned Salaries Expense Rent Expense Utilities Expense Repairs Expense Supplies Expense Insurance Expense Depreciation Expense-Equipment 62,800 8,000 5,500 410 Adjustment data: (a) Supplies (b) Insurance expired, $750. (c) Depreciation of equipment, $4,200. (d) Salaries unpaid, $1,075 Directions: Prepare a work sheet for Tujo Enterprises for the year ended December 31, 20X2 on hand, $860Step by Step Solution
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