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Instructions At the end of the current year, $31,680 of fees have been earned but have not been billed to clients. Journalize the adjusting entry
Instructions At the end of the current year, $31,680 of fees have been earned but have not been billed to clients. Journalize the adjusting entry to record the accrued fees. Refer to the Chart of Accounts for exact wording of account titles. Instructions The prepaid insurance account had a beginning balance of $3,755 and was debited for $6,755 of premiums paid during the year. Journalize the adjusting entry required at the end of the year, assuming the amount of unexpired insurance related to future periods is $2,640. Refer to the Chart of Accounts for exact wording of account titles. Instructions The estimated amount of depreciation on equipment for the current year is $6,115. Journalize the adjusting entry to record the depreciation. Refer to the Chart of Accounts for exact wording of account titles. Instructions On March 29, customers who owe $13,468 on account to Sonic Sales Company submit payments of $7,173. Required: Journalize this event for Sonic Sales Company. Refer to the Chart of Accounts for exact wording of account titles. Prospect Realty Co. pays weekly salaries of $9,570 on Friday for a five-day workweek ending on that day. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Wednesday. Refer to the Chart of Accounts for exact wording of account titles
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