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Record the adjusting entry for letters a through g. Adjusted $ 30,600 42.500 73,100 Income Statements For Year Ended December 31 Unadjusted Adjustments Revenues Services
Record the adjusting entry for letters a through g.
Adjusted $ 30,600 42.500 73,100 Income Statements For Year Ended December 31 Unadjusted Adjustments Revenues Services revenue $ 24,000 Commissions revenue 42.500 Total revenues $ 66,500 Expenses Depreciation expense-Computers 0 b. Depreciation expense-office furniture 0 0. Salaries expense 12,500 d. Insurance expense 0 0. Rent expense 4,500 Office supplies expense 0 f. Advertising expense 3,000 Utilities expense 1.250 9. Total expenses 21,250 Net income $ 45,250 1,650 1.925 15,195 1.430 4,500 528 3.000 1.327 29,555 $ 43,545 Analyze the statements and prepare the seven adjusting entries a through g. that likely were recorded. Hint The entry for a refers to revenue that has been earned but not yet billed. No adjusting entry involves cash Step by Step Solution
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