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Next Job, Inc, provides employment consulting services. The company adjusts its accounts monthly but performs closing entries NEXT JOB INC Unadjusted Trial Balance December 312007

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Next Job, Inc, provides employment consulting services. The company adjusts its accounts monthly but performs closing entries NEXT JOB INC Unadjusted Trial Balance December 312007 Instructions Prepare the necessary adjusting journal entries on December 31, 2007 Also prepare on adjusted trial balance dated December 31 2007 From the adjusted trial balance prepared in part a prepare an income statement and statement of retained earnings for the year ended December 31 2007 Also prepare the company's balance sheet dated December 31 2007 Prepare the necessary year-end closing entries Prepare an after-closing trial balance Compute the company's average monthly insurance expense for January through November of 2007 Compute the company's average monthly rent expense for January through May of 2007 If the company purchased all of in office equipment when it first incorporated, for how long has it been in business as of December 31 2007? Assume that the company had a note payable outstanding on January 1, 2007 that it paid off on April 1, 2007 How much interest expense accrued on this now in 2007? Next Job, Inc, provides employment consulting services. The company adjusts its accounts monthly but performs closing entries NEXT JOB INC Unadjusted Trial Balance December 312007 Instructions Prepare the necessary adjusting journal entries on December 31, 2007 Also prepare on adjusted trial balance dated December 31 2007 From the adjusted trial balance prepared in part a prepare an income statement and statement of retained earnings for the year ended December 31 2007 Also prepare the company's balance sheet dated December 31 2007 Prepare the necessary year-end closing entries Prepare an after-closing trial balance Compute the company's average monthly insurance expense for January through November of 2007 Compute the company's average monthly rent expense for January through May of 2007 If the company purchased all of in office equipment when it first incorporated, for how long has it been in business as of December 31 2007? Assume that the company had a note payable outstanding on January 1, 2007 that it paid off on April 1, 2007 How much interest expense accrued on this now in 2007

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