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The ledger of Lentz Company includes the following unadjusted balances: Prepaid Insurance $3,700, Service Revenue $56,300, and Salaries and Wages Expense $26,800. Adjusting entries are
The ledger of Lentz Company includes the following unadjusted balances: Prepaid Insurance $3,700, Service Revenue $56,300, and Salaries and Wages Expense $26,800. Adjusting entries are required for (a) expired insurance $1,600; (b) services performed $1,100, but unbilled and uncollected; and (c) accrued salaries payable $600. Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts.
The ledger of Lentz Company includes the following unadjusted balances: Prepaid Insurance $3,700, Service Revenue s56,300, and Salaries and Wages Expense $26,800. Adjusting entries are required for (a) expired insurance $1.600: (b) services performed $1,100, but unbilled and uncollected; and () accrued salaries payable $600 Enter the unadjusted belances and adjustments into a worksheet and complete the workshee: for all accounts LENTZ COMPANY Trial Balance Dr. Adjustments Dr Adjusted Trial Balance Income Statement Dr. Balance Sheet Cr Account Titles Cr Cr Dr Cr Cr Dr Propaid Insurance Service Revenue Salaries and Wages Expense Accounts Receivable Salaries and Wages Payable Insurance ExpenseStep by Step Solution
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