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The ledger of Blossom Company includes the following unadjusted balances: Prepaid Insurance $3,000, Service Revenue $55,000, and Salaries and Wages Expense $23,000. Adjusting entries are
The ledger of Blossom Company includes the following unadjusted balances: Prepaid Insurance $3,000, Service Revenue $55,000, and Salaries and Wages Expense $23,000. Adjusting entries are required for (a) expired insurance $1,200, (b) services performed $1,000 are billed and not yet collected, and (c) accrued salaries payable $600, Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts
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