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Please help: Virtual School Adjusting Entries In Class Journal Assignment Perform the adjusting entries for the following transactions. Be sure to use dates for each

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Virtual School Adjusting Entries In Class Journal Assignment Perform the adjusting entries for the following transactions. Be sure to use dates for each # and reference numbers. 1-Dec Dec 1 showed $1,850 in supplies. On Dec 31 there was $688 supplies on hand. 2-Dec July 1 we purchased $8,200 in advertising services. Dec 31 there was $2,900 of advertising services still owed 3-Dec We purchased a new car on Sept 1 for $29,000. It has a residual value of $1,700 and an estimated useful life of 8 years. Perform the amortization for Dec 31. (think how many months) 4-Dec Oct 1st you borrowed $9,400 from a friend who gave you an 8% interest rate and 4 months to pay you back. Calculate interest owing. Perform adjustment for Dec 31. 5-Dec Records show that you owe your part time employees 213 hours at $13.75/hour. 6-Dec Jan 1 2020 you prepaid your insurance for 24 months for $11,360. Perform the adjustment for Dec 31, 2020. 7-Dec You have not billed Goodlife Fitness for the 13 classes of Hot Yoga you taught where you charge $65/hour. Perform the adjustment. 8-Dec June 1st you received $5,000 for landscaping services. Dec 31 shows that you only owe $1,200 left on your services. 9-Dec Dec 1 shows that we have $28,500 in Inventory. Dec 31 - there is $21,500 of Inventory on hand. 10-Dec Dec 1 you were paid $1,700 in advance for marketing services. 11-Dec You purchased a machine for $18,300 that has no salvage value and an estimated useful life of 1 dog year. (aka 7 years) Calculate full year amortization. 12-Dec Nov 1 you borrowed $10,000 from the bank at an interest rate of 11% payable in 120 days. Calculate Interest Owing for Dec 31. Each entry is 12 - you must get the account and the total correct - 0.5 mark for each Total 124

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