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The requirement should be as follows: 1- Prepare adjusting entries 2- Prepare adjusted Trial balance 3- Prepare income statement, statement of changes in equity and
The requirement should be as follows: 1- Prepare adjusting entries 2- Prepare adjusted Trial balance 3- Prepare income statement, statement of changes in equity and Balance sheet.
a. Accrued advertising revenue at August 31,2,200 b. Prepaid rent expired during the month. The unadjusted prepaid balance of 2,400 relates to the period August 20X6 through October 20X6. c. Supplies used during August, 1,900 d. Depreciation on furniture for the month. The furniture's expected useful life is five years. e. Accrued salary expense at August 31 for Monday, Tuesday, and Wednesday. The fiveday weekly payroll is 5,500 and will be paid on FridayStep by Step Solution
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