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Prepare an adjusted trial balance for Toronts Mobile Pet Grooming at June 30, 2020, Ame that all accounts have th (Click these to view the
Prepare an adjusted trial balance for Toronts Mobile Pet Grooming at June 30, 2020, Ame that all accounts have th (Click these to view the account balarices)
Be sure to list the accounts in proper trial balance ocder. If a box is orased in the ad tried Satancave the Deis empty; the nut ket
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its customers pay immediately arter the job is rinisned. some customers ask that the business send them a bill. As of the end of the year, Secure Home has collected $3,450 from cash-paying customers. Secure Home's remaining customers owe the business $2,940. Secure Home recorded $3,450 of service revenue for the year. If Secure Home had recorded their service revenue using the other method, how much service revenue would they have recorded for the year? Momentous Occasions received $3,730 for services to be performed for the next 8 months on March 31 and recorded this transaction using the Unearned Revenue account. If Momentous Occasions had recorded their service revenue using the other method, how much service revenue would they have recorded for the year? Sweet Catering completed the following selected transactions during May 2016: - May 1: Prepaid rent for three months, $2,100 - May 5: Received and paid electricity bill, $80 - May 9: Received cash for meals served to customers, $2,760 - May 14: Paid cash for kitchen equipment, $3,550 - May 23: Served a banquet on account, $2,120 - May 31: Made the adjusting entry for rent (from May 1). - May 31: Accrued salary expense, $1,990 - May 31: Recorded depreciation for May on kitchen equipment, $590 If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign. If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative signStep by Step Solution
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