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Selected amounts from Trent Company's unadjusted trial balance of 12/31/14 appear below: Bonds Payable 500,000 Common Stock 60,000 Prepaid Insurance 30,000 Interest Expense 10,000 Notes

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Selected amounts from Trent Company's unadjusted trial balance of 12/31/14 appear below: Bonds Payable 500,000 Common Stock 60,000 Prepaid Insurance 30,000 Interest Expense 10,000 Notes Payable (due 6/1/15) 200,000 Prepaid Rent 210,000 Retained Earnings 818,000 328,000 Salaries and Wages Expense (All of the above accounts have their standard or normal debit or credit balance end, December 31, 2014 with the following information. 1) Prepare adjusting journal entries at year end, December 31, 2014 with the following vable is $15,000 as of 12/31/14 and has not been recorded. a. Interest accrued on the notes payable is $15,000 as of 12/31/1 b. Unexpired prepaid insurance at 12/31/14 is $25,000. c. The rent payment of $210,000 covered payment itself was correctly account entry since then. d. Salaries and wages earned by employee of $210,000 covered the six months from 11/30/2014 through 5/31/2015. The correctly accounted for on 11/30/2014, but the firm has not made any adiusting ages earned by employees but unpaid (and not recorded) at 12/31/14 is $22,000. come before the adjusting journal entries is $200,000. What is the balance of 2) Assume Net Income before the adi Retained Earnings as of 1/1/2015? Ignore taxes

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