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Journal Embris Bill starts a business by investing $10,000 cash in the business. The business completes work for a comer and collects $1,000 in cash

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Journal Embris Bill starts a business by investing $10,000 cash in the business. The business completes work for a comer and collects $1,000 in cash The business does work for a Customer and sends the customer a bill for $ 750. The business pays, in advance for 1 years' worth of truck insurance The business buy supplies, on account, in the amount of $500. The owner withdrew $2,000 in cash to make a mortgage payment on his home. On Jan L_BCA received $3,000 from a customer to provide landscape services for Jan Feb and Mar. (BCo already made the correct entry on Jarl debiting Cash and crediting Unearned Revers). Prepare BCe's adjusting entry for JAN 31 BobCopays Salaries of $5,000 per week. Mon Tues, Wed are in JAN while Thurs and Fri fall into FEB. Prepare the adjusting entry as of JAN 31 A machine was purchased for $24,000 on JAN 1. Its estimated useful life is 48 months. Prepare the entry for depreciation on JAN 31. On JAN.I the Supplies account balance was $3,000. On JAN 31 there were $ 1,000 of Supplies remaining (unused). Prepare the adjusting entry for JAN 31 On JAN 1 BobCo. paid, in advance, $3,000 for 6 months of Insurance (Jan thru June). BobCo already made the correct endy on Jan I debiting prepaid Insurance and crediting Cash) Prepare the adjusting entry for JAN 31. Cr Account Titles Cash Accounts Receivable Unearned Revenue Capital Common Stock) Mithdrew Dividends) Service Revenue Supplies Expense Depreciation Expense Totals Adj Trial Balance Dr. 10.000 5.000 1.000 15.000 2.000 5.000 1.000 3.000 21 Using the partial adjusted trial balance above ... prepare closing entries

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