The adjustments columns of the worksheet for Munoz Company are shown below. Instructions (a) Prepare the adjusting
Question:
Instructions
(a) Prepare the adjusting entries.
(b) Assuming the adjusted trial balance amount for each account is normal, indicate the financial statement column to which each balance should beextended.
Transcribed Image Text:
Adjustments Debit Credit Account Titles Accounts Receivable Prepaid Insurance Accumulated Depreciation-Equipment Salaries and Wages Payable Service Revenuc Salaries and Wages Expensc Insurance Expense Depreciation Expense 600 400 900 500 600 500 400 900 2,400 2,400
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Related Book For
Financial and managerial accounting
ISBN: 978-1118016114
1st edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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