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Please look at all images! Will thumbs up if correct! The unadjusted trial balance for Novak Corp. is shown below. Assume the following adjustment data.
Please look at all images! Will thumbs up if correct!
The unadjusted trial balance for Novak Corp. is shown below. Assume the following adjustment data. 1. Supplies on hand at October 31 total $610. 2. Expired insurance for the month is $115. 3. Depreciation for the month is $65. 4. As of October 31, services worth $810 related to the previously recorded unearned revenue had been performed. 5. Services performed but unbilled (and no receivable has been recorded) at October 31 are $250. 6. Interest expense accrued at October 31 is $70. 7. Accrued salaries at October 31 are $1,510. Prepare the adjusting entries for the items above. (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation 1. Oct. 2.Oct.31 3. 31 4. Oct. 5. 31 6. Oct. 31 7. 31 Debit CreditStep by Step Solution
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