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Prepare adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry
Prepare adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 31 ( (1) (2) (3) 24 Kingbird received payment in full ($ 300) from Goza Company on the account written off on January 3. 27 Kingbird purchased supplies for $ 1,500 cash. 31 Kingbird paid other operating expenses, $3,500. Adjustment data: 1. Interest is recorded for the month on the note from January 1. 2. Bad debts are expected to be 6% of the January 31, 2022, accounts receivable. 3. A count of supplies on January 31, 2022, reveals that $ 500 remains unused. (a) Prepare journal entries for the transactions listed above. (Include entries for cost of goods sold using the perpetual system.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit
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