The ledger of Ley Company includes the following unadjusted balances: Prepaid Insurance $3,000; Service Revenue $58.000; and
Question:
(a) Expired insurance $ 1,200;
(b) Services provided $1,100, but unbilled and uncollected;
(c) Accrued salaries payable $800.
Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts. Now: You will need to add the following accounts; Accounts Receivable, Salaries Payable, and Insurance Expense.
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Related Book For
Accounting Principles
ISBN: 9780471980193
8th Edition
Authors: Jerry J Weygandt, Donald E Kieso, Paul D Kimmel
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