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The trial balance for Bramble Corp. is shown below. Prepare the adjusting entries for the items above assuming financial statements are computed each month. (Credit
The trial balance for Bramble Corp. is shown below.
Prepare the adjusting entries for the items above assuming financial statements are computed each month. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Exercise 3-09 (Video) The trial balance for Bramble Corp. is shown below. Bramble Corp. Trial Balance October 31, 2020 Credit Debit $14,000 2,400 700 5,400 Cash Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense $4,700 2,700 1,200 9,400 -0- 600 11,000 5,000 900 $29,000 $29,000 Assume the following adjustment data. 1. Supplies on hand at October 31 total $500. 2. Expired insurance for the month is $300. 3. Depreciation for the month is $80. 4 Services related to uneared service revenue in October worth $700 were performed. 5 Services performed but not recorded at October 31 are $200 Interest accrued at October 31 is $70. Accrued salaries at October 31 are $1,100. 6 7 Prepare the adjusting entries for the items above assuming financial statements are computed each month. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. Oct. 31 2. Oct. 31 3. Oct. 31 4. Oct. 31 5. Oct. 31 6. Oct. 31 7. Oct. 31Step by Step Solution
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