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K Golden Lake Company completed the following transactions in November and December and prepared the following unadjusted trial balance at December 31, 2024 (Click
K Golden Lake Company completed the following transactions in November and December and prepared the following unadjusted trial balance at December 31, 2024 (Click the icon to view the November and December transactions) (Click the icon to view the unadjusted trial balance.) At December 31, the business gathers the following information for the adjusting entries (Click the icon to view the additional information.) Read the requirements The T-accounts, along with their unadjusted balances, have been opened for you. Post the adjustments and then calculate the adjusted balance of each account. Denote each adjusting amount as Adj. (along with the corresponding letter reference: Adj. (a). Adj (b), etc.) and an account balance as Bal (Depr Depreciation) Review the adjusting entries you prepared above. Cash Bal 16,740 Accounts Payable Canoe Rental Revenue 2.880 Bal 13,100 Bal Accounts Receivable Utilities Payable Bal 5,800 300 Bal Bal Rent Expense 1,000
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