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Question 1 After the trial balance of Blabla Corp., for the year ending 3 1 s t December 2 0 1 0 , has been

Question 1
After the trial balance of Blabla Corp., for the year ending 31st December 2010, has been prepared, the following
adjusting entries were listed:
a) Depreciation on machinery is to be charged at 10% of cost.
b) The unearned revenue resulted from money received in advance on 1st November, 2010, for services to be
provided till the end of March, 2011.
c) Received $4,500 of the accounts receivable by cash. But no entries have been made.
d) Settled half of the accounts payable by cheque, but no entries have been made.
e) The notes payable, involves an interest of 10% per year, starting from 1st September, 2010.
f) Stock count showed that $9,500 of the marketing supplies was on hand.
g) The prepaid rent was paid on 1stJuly,2010, for one year in advance.
h) Provided services worth $10,000 on account, but no entries have been made.
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