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Please show detailed answers b. Prepare an adjusted trial balance by completing the related columns in the table below. Garvey Company's unadjusted trial balance includes

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b.

Prepare an adjusted trial balance by completing the related columns in the table below.

Garvey Company's unadjusted trial balance includes the following account balances as of December 31, 2015: Debits $ 70,710 123,500 1,540 147,000 9,300 53,600 294,600 Credits Cash Accounts receivable Interest receivable Supplies Prepaid insurance Notes Receivable (short-term) Equipment Accumulated Depreciation-Equipment Accounts payable Salaries and Wages Payable Unearned revenue Notes Payable (long-term) Common Stock Retained earnings Service revenue Interest revenue Supplies Expense Repair and Maintenance Expense Rent Expense Depreciation Expense Insurance Expense Salaries and Wages Expense $68,350 110,100 22,800 10,400 92,200 229,300 151,900 42,900 23,100 28,200 19,000 0 3,600 Totals $751,050 $751,050 The following data are available to determine adjusting entries A) Insurance purchased at the beginning of July for $9,300 provided coverage for twelve months (July 2015 through June 2016). The insurance coverage for July through December totaling $4,650 has now been used B) The company estimates $8,750 in depreciation each year C) Account showed $91,700 of supplies on hand at the end of the year D) An additional $380 of interest has been eaned but has not yet been uncollected on the outstanding notes receivable E) Services in the amount of S6,200 were performed for customers who had previously paid in advance F) Services in the amount of $3,200 were performed; these services have not yet been billed or recorded. Required a. Prepare the adjusting entries that are required at the end of the period. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

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