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Prepare the August adjusting journal entries. On August 1, 2021, the beginning of its current fiscal year, the following opening account balances, listed in alphabetical
Prepare the August adjusting journal entries.
On August 1, 2021, the beginning of its current fiscal year, the following opening account balances, listed in alphabetical order, were reported by Bramble Ltd. Bramble records adjustments monthly. Adjustment data for the month of August are as follow: 1. One month's worth of advertising services have been received. 2. The August rent has expired. 3. Accrued salaries payable are $1,500 4. Depreciation for the month is $210. 5. Supplies on hand at August 31 are $920. 6. Services were performed to satisfy $800 of Deferred revenue. 7. One month of interest income related to the $4,000 note receivable has accrued. The note was issued on lune 30 and is due October 31 and has a 6% annual interest rate interest is due at maturity. 8. Income tax of $310 is estimated to be owed for the month of August. when the amount is entered. Do not indent monualk. If no entry is required, select "No Entoy' for the occount thes and erter ofor the amounts. Record journal entries in the arder presented in the problem) 2. 31 3. 31 4. 31 5. 31Step by Step Solution
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