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Supplemental Problem 4-6 Completing a Worksheet Excalibur Corporation sells video games for personal computers. The unadjusted trial balance as of December 31 appears on the

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Supplemental Problem 4-6 Completing a Worksheet Excalibur Corporation sells video games for personal computers. The unadjusted trial balance as of December 31 appears on the following page. Information necessary to prepare the year-end adjusting entries appear below: al 1. The office equipment was purchased two years ago and is being depreciated straight line over eight years with no salvage value. Accrued salaries and wages at year end should be $4,500. The company borrowed $30,000 on September 1. The principal is due to be repaid in 10 years. Interest on the note is payable twice a year: On August 31 and February 28 at an annual rate of 10% (or 5% every six months). The company charges the Supplies (asset) account when supplies are purchased. Supplies on hand at year end cost $500 0 2. c)3. d) 4. 5. Prepaid rent at year end should be $1,000. Required: Complete the worksheet on the following page

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