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The adjusted trial balance of Williams Company for the year ended December 3 1 , 2 0 2 4 , is as follows: PROBLEM I

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The adjusted trial balance of Williams Company for the year ended December 31,2024, is as follows: PROBLEM I
The trial balance of Williams Company shown below pertains to December 31,2023, which is
the end of its yearlong accounting period. Data needed for the adjusting entries include the
following:
a. Supplies on hand at year end $2,000
b. Depreciation on furniture and fixtures $20,000
c. Depreciation on building $10,000
d. Salaries owed but not yet paid 5,000
e. Accrued services revenue $12,000
f. Of the $45,000 balance of unearned service revenues $32,000 was earned during the year.
g. Insurance expired was $5,000
Required
Journalize the Williams Company adjusting entries at December 31,2023, key entries by
letter
Post adjusting entries to the worksheet
Complete the worksheet.
Prepare closing entries PROBLEM I
The trial balance of Williams Company shown below pertains to December 31,2023, which is
the end of its yearlong accounting period. Data needed for the adjusting entries include the
following:
a. Supplies on hand at year end $2,000
b. Depreciation on furniture and fixtures $20,000
c. Depreciation on building $10,000
d. Salaries owed but not yet paid 5,000
e. Accrued services revenue $12,000
f. Of the $45,000 balance of unearned service revenues $32,000 was earned during the year.
g. Insurance expired was $5,000
Required
Journalize the Williams Company adjusting entries at December 31,2023, key entries by
letter
Post adjusting entries to the worksheet
Complete the worksheet.
Prepare closing entries
image text in transcribed

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