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Jordon James started JJJ Consulting on January 1. The following are the account balances at the end of the first month of business before adjusting
Jordon James started JJJ Consulting on January 1. The following are the account balances at the end of the first month of business before adjusting entries were made: Accounts Payable $300 Accounts Receivable 750 Cash 6,300 Consulting Revenue 4,925 Equipment 7,000 Common Stock 15,000 Dividends 1,375 Prepaid Rent 4,000 Supplies 800 Adjustment data: 1. Supplies on hand at the end of the month, $200 2. Unbilled consulting revenue, $700 3. Rent expense for the month, $1,000 4. Depreciation on equipment, $90 a. Journalize the required adjusting entries. If an amount box does not require an entry, leave it blank
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