Question
The accountant for Eva's Laundry prepared the following unadjusted and adjusted trial balances. Assume that all balances in the unadjusted trial balance and the
The accountant for Eva's Laundry prepared the following unadjusted and adjusted trial balances. Assume that all balances in the unadjusted trial balance and the amounts of the adjustments are correct Eva's Laundry Trial Balances May 31, 2018 Unadjusted 1 Unadjusted 3 Debit Balances Credit Balances Adjusted Debit Balances Adjusted Credit Balances Cash Accounts receivable 1 Laundry Supplies $7,420.00 $7,420.00 18,210.00 23.025.00 5,830.00 6,520.00 Prepaid Insurance 5,610.00 2,220.00 Laundry Equipment 189,400.00 176,020.00 Accumulated Depreciation-Laundry Equipment $47,940.00 $47,940.00 Accounts Payable 9,805.00 9305.00 Wages Payable 1,095.00 11 Common Stock 34,000.00 54,000.00 MUAN
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