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PLEASEEEE HELPPP I WILL LIKE POSTS!!!! Assets 1. 2. 3. 4. 5. 6. 7. Adj. Bal. Accts. 3. 4. 5. 6. 7. Prepd. Insur. The
PLEASEEEE HELPPP I WILL LIKE POSTS!!!!
Assets 1. 2. 3. 4. 5. 6. 7. Adj. Bal. Accts. 3. 4. 5. 6. 7. Prepd. Insur. The unadjusted trial balance for Indigo Corporation is shown below. Assume the following adjustment data. 1. Supplies on hand at October 31 total $480. 2. Expired insurance for the month is $96. 3. Depreciation for the month is $76. 4. As of October 31, services worth $768 related to the previously recorded uneamed revenue had been performed. 5. Services performed but unbilled (and no receivable has been recorded) at October 31 are $272. 6. Interest expense accrued at October 31 is $64. 7. Accrued salaries at October 31 are $1,344. Prepare a tabular summary to record adjustments for the items above using the summary that follows. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' EquityStep by Step Solution
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