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!!!NEED HELP AS SOON AS POSSIBLE!!! On February 28th, the following adjusting journal entries were recorded Adjusting Journal Entries Accrued Utility expense for February- $800
!!!NEED HELP AS SOON AS POSSIBLE!!!
On February 28th, the following adjusting journal entries were recorded Adjusting Journal Entries Accrued Utility expense for February- $800 Interest on the bank note was accrued for 29 days, payment is due on March 10 .Advertising expense for February was recorded for the month Accounts Receivable in the amount of $2,500 was recorded for a customer- Melbour Diner for specialty clothing purchased and delivered in February Accrued Salary Expense for employee 1 was accrued for one day Depreciation on the building was recorded for 2 months January and February. The building had an estimated life of 25 years, no salvage value. Depreciation is base straight line method. Assume 2 full months of depreciation will be taken ne e . d on the . Rent Revenue for February was recorded for the jewelry vendor .An agreement was signed to deliver 300 uniforms to South Shore Hospital during the second half of the year. The estimated revenue from this agreement is $6,000. Delivery is expected to take place in June of the current year. Ending inventory as of February 29th was $101,000 Required: 1. Record all February 28th adjusting entries. Note: Not all transactions require adjustments 2. Post adjusting entries to the general ledger 3. Prepare an adjusted trial balanceStep by Step Solution
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