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The unadjusted trial balance of wild outings for the year ended September 30, 2010 appear on a worksheet. Complete the worksheet using the following adjustment
The unadjusted trial balance of wild outings for the year ended September 30, 2010 appear on a worksheet. Complete the worksheet using the following adjustment data gives below. You may add any necessary accents to the bottom of the worksheet. A. Supplies on hand at September 30, 2010 is $3100. B. Prepaid insurance represents a 2 year policy purchased on January 1.2010. C. Depreciation is $4.100 for the period. D. Unearned revenue at September 30, 2010 was $3.400. E. Accrued wages for employees amounts to $400 as of September 30, 2010. F. Income eased during the period, but unfilled M September 30, 2010 is $2.950. G. Interest accrued en the Note Payable amounts to $750. H. A utility till for September was received in October for $285. Prepare the closing entries for Wild Outings as of September 30, 2010. The following erroneous journal entries have been posted to the general ledger, prepare the journal entries to correct the errors. A. A $2.000 cash payment for Equipment was recorded as a debit to cash and as a credit to Equipment. B. A $350 cash payment for the telephone bill was recorded as a debit to Rent expense and a credit to cash for $530 C. A $800 purchase of supplies on account as recorded as a debit to supplies on Hand and a credit to cash. D. A $1, 640 cash collection of an account receivable as recorded as a debit to cash and as a credit service Fees for $1, 450. What is the ending Capital for Guppy, the owner of Wild Outings? Why are the closing entries necessary? What type of an account is accumulated depreciation? What account is used to transfer the profit or loss for a given period to the owners capital account
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