Question
On Dec 31, MWP has delivered 4500 of merchandise customers had paid for in advance during the year. The merchandise cost MWP 2800. On Dec
On Dec 31, MWP has delivered 4500 of merchandise customers had paid for in advance during the year. The merchandise cost MWP 2800. On Dec 23 the trial balance had 9800-cash, 27800-Merchandise Inventory, and unearned revenue of 5610. How do I do end of year adjusting entries?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To make the endofyear adjusting entries based on the given information we need to account for the me...
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Step: 2
Step: 3
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
78025915, 978-1259115400, 1259115402, 978-0078025914
