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The following information is available for Oppong Corporation on April 30 for the month just ended. a $900 of the rent paid in advance has
The following information is available for Oppong Corporation on April 30 for the month just ended. a $900 of the rent paid in advance has been used. b. Property taxes of $800 have accrued but are unrecorded. c. $5,200 of the $6,000 consulting fees paid to Oppong Corporation in advance has not yet been earned. d. Unpaid and unrecorded salaries at month-end totalled $7,500. e. Furniture purchased at the start of the month for $6,000 is estimated to have a useful life of five years. After this time, the furniture will be sold for $1,500. Prepare the required adjusting entries at April 30, 2014. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie., January 15 would be 15/Jan). For each journal entry, indicate how each account affects the balance sheet (Assets, Liabilities, Equity). Use + for increase and - for decrease. For example, if an account decreases equity, choose Equity General Journal Page GJS Effect On Date Account Explanation F Debit Credit Balance Sheet T
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