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Please assist in configuring the following: Analyzing Accounts Using Adjusted Data Selected T-account balances for Fields Company are shown below as of January 31, 2016;
Please assist in configuring the following:
Analyzing Accounts Using Adjusted Data Selected T-account balances for Fields Company are shown below as of January 31, 2016; adjusting entries have already been posted. The firm uses a calendar-year accounting period but prepares monthly adjustments. Supplies (A) Supplies Expense (E) Jan.31 Bal Jan.31 Bal 800 960 Prepaid Insurance (A) Insurance Expense (E) Jan.31 574 Bal Jan.31 Bal 82 Wages Payable (L) Wages Expense (E) Jan.31 Bal Jan.31 3,200 Bal 500 Truck (A) Accumulated Depreciation-Truck (XA) an.31 8,700 Bal Jan.31 Bal 2,610Step by Step Solution
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