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Record adjusting entry for: 1. rent expense 2. supplies expense 3. interest revenue 4. depreciation expense 5. salaries and wages expense 6. interest expense 7.
Record adjusting entry for:
1. rent expense
2. supplies expense
3. interest revenue
4. depreciation expense
5. salaries and wages expense
6. interest expense
7. deferred rent revenue
lowarth Company's fiscal year-end is December 31. Below are the unadjusted and adjusted trial balances for December 31, 2018. Adjusted Credits Unadjusted Account Title Debits Credits Debits 43,000 28,000 1,100 Cash 43,000 28,000 1,725 Accounts receivable Prepaid rent Supplies Inventory Note receivable 900 1,425 53,000 53,000 47,000 2,350 38,000 47,000 0 Interest receivable office equipment Accumulated depreciation Accounts payable Salaries and wages payable Note payable Interest payable Deferred rent revenue C 38,000 20,800 27,000 15,700 27,000 0 5,500 43,000 1,800 1,300 39,000 21,600 237,000 3,300 2,350 43,000 0 C 0 39,000 21,600 237,000 4,600 Common stock Retained earnings Sales revenue Rent revenue Interest revenue 0 Cost of goods sold Salaries and wages expense 119,000 38,700 10,475 119,000 44,200 11,100 5,100 1,100 6,500 2,300 Rent expense Depreciation expense Supplies expense Interest expense 0 575 4,700 2,300 Advertising expense 402,650 387,900 387,900 402,650 TotalsStep by Step Solution
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