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Please Help Me answer these I've been struggling with it the last 3 days! thank you so much! Fill in the t-accounts for each situation
Please Help Me answer these I've been struggling with it the last 3 days! thank you so much!
Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate the adjusted balance and use a Bal. post reference to show the ending balance of each account. Completed services that were paid for six months earlier, $3,520. The Service Revenue unadjusted balance as of December 31 is $11,000. The Unearned Revenue balance as of December 31 is $10,700. Adjustment Type: Employees earned $4,200 in salaries that will be paid next month. The Salaries Expense unadjusted balance as of December 31 is $5,300. Employees earned $3,100 in salaries that will be paid next month. Used prepaid insurance of $1,750. The Prepaid Insurance unadjusted balance as of December 31 is $9,500. Adjustment Type
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