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URGENT !!!!! a. Unpaid salaries and wages at year end amount to $670. b. Sheridan Company owns bonds of another corporation that pay annual interest

URGENT !!!!! image text in transcribed
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a. Unpaid salaries and wages at year end amount to $670. b. Sheridan Company owns bonds of another corporation that pay annual interest of $1,640. These bonds were purchased on April 1, 2025, and the next interest payment will be received on April 1, 2026. c. A two-year insurance policy was purchased on June 1,2025. The $2,880 insurance premium was paid on that date and was debited to Prepaid Insurance. d. Service Revenue was credited for $1,440 on June 1, 2025. The amount represents a one-vear advance payment for services to be performed by Sheridan Company through May 31, 2026. e. The Supplies account shows a balance of $3,000 on December 31,2025. A physical count of the supplies on hand at this date reveals a total of $900 available. Prepare the necessary adjusting journal entries indicated by each item for the year ended December 31, 2025. (If no entry is required, select "No Entry' for the account titles and enter O for the amounts, Credit account titles are automatically indented when the amount is entered. Do not indent manually L List all debile entries beforecredit entriess) Prepare the necessary adjusting journal entries indicated by each item for the year ended December 31, 2025. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)

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