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The tollowing new accounts are added to the general ledger in December 2017 (added to GL Column Accounts) 2. Prepare adjusting entries to record the

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The tollowing new accounts are added to the general ledger in December 2017 (added to GL Column Accounts) 2. Prepare adjusting entries to record the following additional information collected on December 31, 2017. Post the entries to the GL. Column Accounts or T accounts. Dec. 31 a. The December 31 imventory of computer supples was $480. b Three months have passed since the $8,640 annual insurance premium was pad. c. As of the end of the year, Docald Gee has not been paid for four days of work at the rate of $345 per day d. The computer equipment is expected to have a five-year Ife with no residual value e. The office equipment is expected to have a ten-year life wath no residual value. 1. Prepaid rent for three of the six months has expred 78 3. Prepare an adjusted trial balance as of December 31, 2017. 39 4. Prepare a multi step income statement and statement of changes in equity for the yoar ended December 31, 2017. 81 ADDITIONAL INFORMATION 82 Repairs and Maintenance, Charitable Donations, Otfice equipmeat depreciation 83 and insurance expense are administrative expenses e4 $1,500 of computer supplies expense is selling expense is Adverising and mileage expense are selling expenses a6 Reat in 50% Selling. Wages is 70% Selling 07 Dopreciation expense Computers is 50\%: Selling ae 5. Prepare a classified balance sheet as of Decernber 31, 2017. 69 6. Propare closing entries for Deceanber 31,2017 7. Prepare post cloalng Trial Balance December 31, 2017

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