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Sydney Inc. ( a calendar year end corporation ) uses accrual basis accounting. After all transactions are recorded for the year ended December 3 1
Sydney Inc. a calendar year end corporation uses accrual basis accounting. After all transactions are recorded for the year ended December but before any adjustments are made, the unadjusted balances are as follows:
tableASSETS,LIABILITIES tableSTOCKHOLDERSEQUITYCash,tablePrepaidRentTruck,tableAccountsPayabletableCommonStocktableRetainedEarningstableUnadjustedBalance Dec.
Sydney Inc. made adjustments on December due to the following information:
A Depreciation on the truck amounted to $
B Services performed but unbilled as of December amounted to $
C Employees will be paid on January Accrued wages at December are $
$ of prepaid rent expired, as of December
Compute total assets on December for Sydney Inc. after all adjustments have been made.
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