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URGENT!! Definitely will upvote Prepare the adjusting entries based on the changes between unadjusted and adjusted balances. (b) Lists and briefly explain the FOUR (4)
URGENT!! Definitely will upvote
Prepare the adjusting entries based on the changes between unadjusted and adjusted balances.
(b) Lists and briefly explain the FOUR (4) types of adjusting entries.
Part A Below are the accounts balances available in BC Company before and after adjusted Trial Balance as at 30 June 2020. The accounts balances were made according to their second quarter report Unadjusted Debit Credit (RM) (RM) 17,500 7,400 2,000 6,000 25,000 6,800 Cash Accounts receivable Supplies Prepaid rent Equipment Accumulated depreciation - Equipment Accounts payable Salaries payable Unearned service revenue Ordinary share capital Dividend Service revenue Salaries expense Rent expense Depreciation expense Supplies expense Utilities expense Adjusted Debit Credit (RM) (RM) 17,000 7,400 1,600 3,000 25,000 2,500 6,800 4,500 700 23,000 1,200 38,500 11,400 4,500 2,500 400 11,300 23,000 1,200 27,900 6,900 1,500 2,000 1,500 69,000 69,000 76,000 76,000Step by Step Solution
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