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if you could share the excel sheet with my email albin3ryan3@gmail.com that would be extremely helpful! 1) Following is the Unadjusted Trial Balance of Ocelot
if you could share the excel sheet with my email albin3ryan3@gmail.com that would be extremely helpful!
1) Following is the Unadjusted Trial Balance of Ocelot Company, a private corporation owned and operated by Olivia Ocelot. All day-to-day transactions have already been recorded through December 31, 2021. All the balances shown are up-to-date, but unadjusted. Account Cash Ocelot Company Unadjusted Trial Balance December 31, 2021 Accounts Receivable Prepaid Insurance Equipment Acc. Dep. Equipment Accounts Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Utilities Expense Miscellaneous Expense Totals Debit 20,500 5,700 1,200 24,000 2,500 28,600 7,500 1,200 91,200 Credit 4,000 9,500 20,000 7,700 50,000 91,200 Adjustment Data: a) A $1,700 invoice was discovered unbilled and was sent to the customer. b) Depreciation on equipment this year is $650. c) Accrued salaries for the last few days of work in 2021 are $1,100. d) $300 worth of insurance has expired. Using the information above, prepare a 10-column worksheet. 2) Using the completed worksheet from #1 above, create the two (2) closing journal entries. You may create one (1) consolidated entry if you prefer. 3) Prepare the Post Closing Trial Balance for Ocelot Company for December 31, 2021 Step by Step Solution
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