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Q1: Prepare the annual adjusting entry using the trial balance and the following/details: Fees received in advance from clients for $6,000 were recorded as service
Q1: Prepare the annual adjusting entry using the trial balance and the following/details: Fees received in advance from clients for $6,000 were recorded as service revenue in December. Services will be provided in January of 203. Q2: Prepare the annual adjusting entry using the trial balance and the following details: Services performed for clients that were not recorded by December 31,$4,900. Q3: Prepare the annual adjusting entry using the trial balance and the following details: Bad debt expense for the year is $1,430. has been estimafed to be Q4: Prepare the annual adjusting entry using the trial balance and the following details: The company purchased $1,100 of insurance on September 1,202. The insurance covers 10 months and covers the period Sept. 202 through June 203. Q5: Prepare the annual adjusting entry using the trial balance and the following details: Equipment worth $25,000 was purchased on January 1,20x0 by the company. The company determined that there is no salvage value for the equipment and that the useful life is 10 years. Recerd annol depreciotion expease. Q6: Prepare the annual adjusting entry using the trial balance and the following details: Dunphy Corp. took out a 90-day loan from the bank. They received cash of December 1, 20X2. Interest is paid at the end of the loan period, at an ankeal 10% inferest rate, along with its princpol poymant. Q7: Prepare the annual adjusting entry using the trial balance and the following details: The company paid and recorded office salaries and wages on January 5th203 in the amount of $5,020, half of which related to wages for the last week in December 202
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