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The following information relates to Tremor Co. activities in the second quarter (Apr, May, Jun). Step 1: Step 2: Record the appropriate JOURNAL ENTRIES Transfer
The following information relates to Tremor Co. activities in the second quarter (Apr, May, Jun). Step 1: Step 2: Record the appropriate JOURNAL ENTRIES Transfer each JE amount to the proper T-ACCOUNT. Calculate each T-account ending balance Step 3: Transfer each T- account balance to the Worksheet. Step 4: Record ADJUSTING JOURNAL ENTRIES, post amounts to the Worksheet. Step 5: Create the ADJUSTED TRIAL BALANCE, INCOME STMT, and BALANCE SHEET JE 1 On Apr 1, Tremor paid $2,450 cash to a law firm as a retainer for future legal services. JE 2 On Apr 2 Tremor paid $3,600 cash for 12 months of insurance through Mar 31 of next year. JE 3 On May 1 Tremor received $8,500 cash from a customer for services to be completed later JE 4 On May 2 Tremor paid $4,450 cash in advance for future newspaper advertising JE5 On May 23 Tremor received $10,450 cash in advance from a customer for future services. JOURNAL ENTRIES Date Account and description Debit Rau 44CU
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