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P3.54 - Prepare adjusting entries and subsequent cashments Devin Wolf Company has the following bulances in selected accounts on December 31, 2021. Devin has a
P3.54 - Prepare adjusting entries and subsequent cashments Devin Wolf Company has the following bulances in selected accounts on December 31, 2021. Devin has a calendar year end. Accounts Receivable Acumulated Depreciation Equipment Equipment Interest Payale Not Payable Prepaid Insurance Salones Puyable Supplies Unarod Revenue 0 7.00 0 10.000 2.100 2.450 30.000 All the accounts lave moral balance. The information below fas bocas gathered at December 31, 2001 Devin Wel Company owed 510.000 bygga's.cee-year note September 2021 2 Acount of supplies on December 31, 2001. indicates that supplies of $900 are en hand Depreciation on the equipment for 2001 1.000 4 Devin Wolf Company and $2.100 for 12 months of insurance coverage on June 2001 $ On December 1, 2021, Devin Wolf collectel $32,000 forming nice to be performed evenly from December 1, 2021, through March 31, 2022 & Devin Woll performed consulting service a client in December 2021. The client will be billed 54,200. Payment from the customer is expected on January 14, 2022 7. Devin Wolf Company pays its employees total salaries of 89.000 every Wodnesday for the preceding fixo day week (Monday through Friday On Wednesday, January 3, 2022, employees were paid for the last Instructions a) Prepare adjusting entries ONLY for the seven dem bere. Dale Account Titles and Explanatie ker Debit Cred 1 Instructions #) Pre adjusting at ONLY for the evenimene Dale Act Titles and Explanation Ref Debi Credit 1 3 4 5 6 b) Prepare the appropriate sequent ca entries if applicable Date Account Titles and Explanation Ref Dahil Credit Taking It Further During the year, the employees at Devin Wolfdal no track the supplies they used. Explain bow the supplies capesse for the year can be ermined even though detailed age records were not kepe P3.54 -- Prepare adjusting entries and subsequent cashment Devin Wolf Company has the following bulances in selected accounts on December 31, 2021. Devin has a calendar year end. 7,000 Accounts Receivable Acumulated Depreciation Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salones Puyable Supplies Unarod Revenue 10.000 2.100 0 2.450 30.000 All the accounts lave mormal balance. The information below fas been gathered at December 31, 201 1. Devin WolrCompany owed 510.000 bygga see-year note on September 1.2021 ? A count of supplies on December 31, 2021. indicates that supplies of $900 are en Depreciation on the equipment for 2001 81.000 4 Devin Wol Company 2.100 for 12 months of insunce coverage on June 1, 2021 $. On December 1, 2021. Devin Wolf collected $32,000 for culing series to be performed evenly from December 1, 2021, through March 31, 2022 & Devin Woll performed consulting service client in December 2012. The client will be billed 4.200. Payment from the customer is expected on January 14.2022 7. Devin Wolf Company pays its employees total salaries of 89.000 every Wodnesday for the preceding tixe day work (Monday through Friday On Wodnesday, January 5, 2022, employees were paid for the last Instructions ) Prepare adjusting entries ONLY for the seven ieme above Dale Account Titles and Explanatic Ref Debit Cred 1
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