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The following are selected unadjusted account balances as at December 31, the year end of Joseph's Law Firm: Accounts receivable Prepaid insurance Salaries payable Service
The following are selected unadjusted account balances as at December 31, the year end of Joseph's Law Firm: Accounts receivable Prepaid insurance Salaries payable Service revenue Insurance expense Salaries expense $50,600 12,600 -0- 456,000 8,200 115,000 INFORMATION FOR ADJUSTING ENTRY Additional information obtained from a review of the law firm's records show that work completed for clients in December and will be invoiced in January is $9,800. Prepare the December 31 adjusting entry required for the item stated above. Prepare the reversing entries required for January 1, 2022. -8C J Choose... Choose... +
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