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The trial balance of Sigma Corporation contained the following accounts at June 30,2022 , the end of the company's fisral vear Instructions 1. Prepare the

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The trial balance of Sigma Corporation contained the following accounts at June 30,2022 , the end of the company's fisral vear Instructions 1. Prepare the adjusting entries for these accounts: - Store supplies (Supplies expense0 - Accumulated Depreciation - Store Equipment - Accumulated Depreciation - Delivery Equipment - Allowance for doubtful accounts (Bad debt expense0 - Note receivable (Interest revenue) - Note payable (interest expense) - Salaries expense - Insurance Expense - COGS You need to set your own assumptions in order to adjust the accounts. Those assumptions should be in consistency with your tnal balance. Example The trail balance is showing the following balance for "Store Supplies:" Your assumption could be formulated as follows: 1. Store Supplies: An inventory count at the end of the year reveals that $2,100 of supplies are still on hand. So the cost of supplies used =9,1002,100=7,000 Adjusting entry for supples: You need to do same for the other adjustments. You can follow the textbook pages 3-6 to 3-16. 2. Post the adjusting entries to the ledger. 3. Prepare an adjusted trial balance. 4. Prepare the worksheet. 5- Prepare financial statements: income statement, retained earnings statement and statement of financial position (classified). 6. Journalize and post the closing entries. 7. Prepare a post-closing trial balance

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