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I need help with this year end adjustments please, thank you so much! I will rate your answer Prepare year-end adjustments for the following transactions.
I need help with this year end adjustments please, thank you so much! I will rate your answer
Prepare year-end adjustments for the following transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts.) 1. 2. 3. 4. 5. Accrued interest on notes receivable is $30. $1,220 of unearned service revenue should be recognized as revenue. Three years' rent, totaling $54,900, was paid in advance at the beginning of the year. Services totaling $3,548 had been performed but not yet billed at the end of the year. Depreciation on equipment totaled $7,930 for the year. Supplies purchased totaled $1,037. By year end, only $305 of supplies remained. Salaries owed to employees at the end of the year total $1,167. 6. 7. Debit Credit No. Account Titles and Explanation 1. 2. 3. 4. Debit Credit No. Account Titles and Explanation 1. 2. 3. 4. 5. 6. 7Step by Step Solution
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