Question
Katelyn Marie's Law Firm's unadjusted trial balance includes the following: Cash $4,200 Unearned Legal Fees 1,200 Legal Fees Revenue 14,400 Using the above data, record
Katelyn Marie's Law Firm's unadjusted trial balance includes the following: Cash $4,200 Unearned Legal Fees 1,200 Legal Fees Revenue 14,400 Using the above data, record the adjusting entry for $1,000 of the unearned legal fees earned. Answer: Unearned Legal Fees ??? Legal Fees Revenue ??? Calculate the missing figures (a-c) in each of the following independent scenarios. Sales Merchandise Inventory Physical Inventory Count Unadjusted Cost of Goods Sold Inventory Shrinkage Adjusted Cost of Goods Sold Gross Profit 32 10 9 26 a) b) c) a) ________ b) ________ c) ________
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