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On January 1, 2022, the ledger of Ivanhoe Company contained these liability accounts. Accounts Payable $44,000 Sales Taxes Payable 8,100 Unearned Service Revenue 20,500 During
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PART B
Journalize the adjusting entries at january 31 for the outstanding notes payable and for the salaries and wages exp and payroll tax expense
PART C
Prepare the current liabilites section of the balance sheet at january 31, 2022. assume no change in account payable
(a) Journalize the January transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to nearest whole dollar amount, e.g. 5,275.) Date Account Titles and Explanation Debit CreditStep by Step Solution
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