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The ledger of Martinez Company includes the following unadjusted balances: Prepaid Insurance $3,500, Service Revenue $55,000, and Salaries and Wages Expense $24,000. Adjusting entries are
The ledger of Martinez Company includes the following unadjusted balances: Prepaid Insurance $3,500, Service Revenue $55,000, and Salaries and Wages Expense $24,000. Adjusting entries are required for (a) expired insurance $1,800; (b) services performed $1,800, but unbilled and uncollected; and (c) accrued salaries payable $700. Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts. Trial Balance Adjustments Account Titles Dr. Cr. Dr. Prepaid Insurance Service Revenue Salaries and Wages Expense Accounts Receivable Salaries and Wages Payable Insurance Expense Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts. MARTINEZ COMPANY Worksheet Adjustments Adjusted Trial Balance Dr. Cr. Dr. Cr. eTextbook and Media Save for Later Attempts: 0 of 3 used Submit AnswerEnter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts. Income Statement Balance Sheet Dr. Cr. Dr. Cr. eTextbook and Media Save for Later Attempts: 0 of 3 used Submit
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