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In general journal form and with T - accounts, record adjusting entries for the following items for Cornish Accounting Co . at December 3 1
In general journal form and with Taccounts, record adjusting entries for the following items for Cornish Accounting Co at December
a On January $ of supplies were purchased and recorded as an asset. A count revealed $ still on hand at December
b Services performed during December but not yet billed to customers totalled $
c On July a $ car was purchased on account. The car is expected to last years and have no residual value at the end of its useful life.
d On December utilities owed but not yet paid amounted to $
e On January Cornish Accounting Co accepted a $ deposit from a client for tax work to be completed during the year. The deposit was recorded as unearned revenue. On December all the tax work for the client is complete.
Required:
Record the adjusting entries for each of the transactions above. Optional for your learning: Set the relevant TAccounts and record the entries above. For the transactions above which do not specify an opening balance, assume it is $ For the Cash TAccount, assume that the opening balance on January is $ For Taccounts, an excel document may be attached to the submission if it is easier. can you please create proper Taccount and general entry form
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