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Id cant figure out the closing entry for this Unadujsted Trial Balance. Could you please help me? Chapter 3 Practice: The prepaid rent was paid
Id cant figure out the closing entry for this Unadujsted Trial Balance. Could you please help me?
Chapter 3 Practice: The prepaid rent was paid on December 1st for 3 months. The insurance policy was paid on December 1st for 6 months. A count of office supplies at the end of the month showed that $440 remained. The Office Equipment was purchased on December 1st and will be depreciated every month for 10 years with no residual value. The Unearned Revenue was from a customer deposit on November 30th for 2 months of work that began on December 1st. Ripley's Tax Service Unadjusted Trial BalanceStep by Step Solution
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