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Sorry, but I already pay a fee for chegg, and I need this question answered. Thanks. 1. Joumalize the adfusting entries required at October 31
Sorry, but I already pay a fee for chegg, and I need this question answered. Thanks.
1. Joumalize the adfusting entries required at October 31 . General voumal instructions 2. What is the difference between adfusting entries and correcting entries? Correcting entries are a planned part of the accounting process, adjusting entries are not planned but arise when necessary to adjust errors. Both adjusting entries and correcting entries ave a planned part of the accourling process. Both adjusting entries and correcting entries are not a planned part of the accounting process Adjusting eneries are a planned part of the aco tinting process, correcting enties are not planned but arise when necessary to correct errors. On October 31 , the following data were accumulated to assist the accountant in preparing the adjusting entries for Bickle Realty: - The supplies account balance on October 31 is $5,225. The supplies on hand on October 31 are $1,275. - The unearned rent account balance on October 31 is $5.700 representing the receipt of an advance payment on October 1 of four month' rent from tenants. - Wages accrued but not paid at October 31 are $2,485. - Fees accrued but unbilled at Octobet 31 are $16,245. - Depreciatien of olfice equipment is $4,005 Required: 1. Joumalize the adpusting entries required at October 31. 2. What is the difference between adjusting entries and correcting entries Step by Step Solution
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