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Please help with this one question Based on the Unadjusted Trial Balance below, which accounts might need adjusting entries at the end of the accounting
Please help with this one question
Based on the Unadjusted Trial Balance below, which accounts might need adjusting entries at the end of the accounting period to prepare to build the financial statements (Select ALL that apply). Unadjusted Trial Balance As of 12/31/20 Accounts Debit Credit Cash $6,500 Accounts Receivable 10,000 Inwentory 25000 12.000 Prepaid Insurance Supplies Building Accounts Payable 4,500 65,000 $1.600 3.200 Deferred Revenue Notes Payable Common Stock Retained Earnings Dividends 80,000 2.400 31.800 2,000 Service Revenue 9.200 Rent Expense Supplies Expense Utility Expense 1,900 300 1.000 Totals $128,200 $128.200 Common Stock Cash Prepaid Insurance Supplies Retained Earnings Dividends Accounts Payable Deferred Revenue Accounts Receivable Inventory Step by Step Solution
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