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Please help me I only have 1 ask left this month. You don't have to explain it just please answer these 2 questions for me.
Please help me I only have 1 ask left this month. You don't have to explain it just please answer these 2 questions for me. Please I beg you.
Thank you so so much.
Larkspur, Inc.'s trial balance at December 31 shows Supplies $7,400 and Supplies Expense $0. On December 31 , there are $3,300 of supplies on hand. Prepare the adjusting entry at December 31 , and using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) On July 1, 2019, Sheridan Company pays $14,700 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31. Journalize and post the entry on July 1 and the adjusting entry on December 31 for Kalter Insurance Co. Kalter uses the accounts Unearned Service Revenue and Service Revenue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)Step by Step Solution
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