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P4-3B a?? b?? The following information is also available: The company accountant forgot to depreciate a hot tub that was purchased at the beginning of
P4-3B
a??
b??
The following information is also available: The company accountant forgot to depreciate a hot tub that was purchased at the beginning of the year. The hot tub cost $10,400, has a useful life of five years, and has no expected residual value. The Unearned Service Revenue consists of gift certificates sold during the year. Hoffman's has failed to account for the $1,200 worth of certificates that have been used by customers. The company currently owes employees $200 of wages in addition to those giver here. the company owes an additional $900 in real estate taxes. required: a. Prepare the adjusting journal entries necessary at year-end. Use T-accounts to compute and present the balances in these accounts after the ac justments have been postedStep by Step Solution
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