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Use the following information to journalize and post adjusting entries for the month:a. Two thirds ($133) of the months insurance has expired.b. At months end
Use the following information to journalize and post adjusting entries for the month:a. Two thirds ($133) of the months insurance has expired.b. At months end $600 of office supplies are still available.c. Aprils depreciation on the computer equipment is $500.d. Employees earned $420 of unpaid and unrecorded salaries on April 30.3. Prepare the adjusted trial balance.4. Prepare the Income Statement, Statement of Retained Earnings for April , and the BalanceSheet as of April 30, 2023.5. Prepare journal entries to close the temporary accounts.**NoteAfter performing the above requirements, you can earn 50 points for a correct Net IncomeStatement, and 50 points for correctly calculating the total net Assets on the Balance Sheet as of April30, 2023. That means
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