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Use the following account information and consider the adjustment data provided (assume accounts have normal balances). Equipment was recently purchased, so there is neither depreciation

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Use the following account information and consider the adjustment data provided (assume accounts have normal balances). Equipment was recently purchased, so there is neither depreciation expense nor accumulated depreciation. $11,500 Accounts Payable Accounts Receivable Cash 14,260 22,222 Common Stock 34,000 Dividends 5,000 Equipment 12,000 Prepaid Insurance 25,444 Land 23,000 Notes Payable 28,000 Retained Earnings 12,815 Insurance Expense 12,689 Service Revenue 84,050 Supplies 2,750 Salaries Expense 53,000 Adjustments needed: Salaries due to employees, but unpaid the end of the period, $3,000. Insurance still unexpired at end of the period, 512,000. Prepare an adjusted trial balance. If an amount box does not require an entry, leave it blank. Adjusted Trial Balance Debit Credit

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