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Sorry, I can't include the entire balance sheet. The unadjusted trial balance for Novak Corp. is shown below Assets Liabilities Stockholders' Equity Acc. Sal. &
Sorry, I can't include the entire balance sheet.
The unadjusted trial balance for Novak Corp. is shown below Assets Liabilities Stockholders' Equity Acc. Sal. & Reatined Earnings Accts. Prepd. Depr Notes Accts.Int. Unearned Wages Com. Cash Rec. +Supplies+Insur. Equip. . Equip. Pay.+Pay.+Pay.+Serv. Rev.+Pay. +Stock+Rev. .Exp. . Div 15,560 0 3,070 690 4,910 0 4,910 2,180 0 1,350 0 11,810 13,920 -690 9,250 Assume the following adjustment data. 1. Supplies on hand at October 31 total $ 610 2. Expired insurance for the month is $115 3. Depreciation for the month is $ 65 4. As of October 31, services worth $810 related to the previously recorded unearned revenue had been performed. 5. Services performed but unbilled (and no receivable has been recorded) at October 31 are $250. 6. Interest expense accrued at October 31 is $70. . Accrued salaries at October 31 are $1,510. Prepare a tabular summary to record adjustments for the items above using the summary that follows. (If a transaction results in a decrease in Assets Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Liabilities Acc. Depr- Equip. Accts. Pay Int. Pay Unearn Serv. Re quip Notes Pay 4,910 0 4,910 2,180 0 65Step by Step Solution
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