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I need help with the adjustments and what area they go in either credit or debit please thank you rson Educa quiring a single underline
I need help with the adjustments and what area they go in either credit or debit please thank you rson Educa quiring a single underline and ing double underlines. > Continuing Problem P3-46 Preparing adjusting entries and preparing an diisted trial balance This problem continues the Canyon Canoe Company situation from Chapter 2.You will need to use the unadjusted trial balance and posted T-accounts that you prepared in Chapter2. At December 31, the business gathers the following information for the adjusting entries: a. Office supplies on hand, $165 b. Rent of one month has been used. (Hint: See Dec. 1 transaction from Chapter 2) C. Determine the depreciation on the building using straight-line depreciation. Assume the useful life of the building is five years and the residual value is $5,000. (Hint: The building was purchased on December 1.) d. $400 of unearned revenue has now been earned. e. The employee who has been working the rental booth has earned $1,250 in wages f Canyon Canoes has earned $1,850 of canoe rental revenue that has not beern g Determine the depreciation on the canoes purchased on November 3 using h. Determine the depreciation on the canoes purchased on December 2 using that will be paid January 15, 2019. recorded or received. straight-line depreciation. Assume the useful life of the canoes is 4 years and the residual value is $0. straight-line depreciation. Assume the useful life of the canoes is 4 years and the residual value is $0 i. Interest expense accrued on the notes payable, $50
I need help with the adjustments and what area they go in either credit or debit please
thank you
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