An extract from the trial balance of Selby Corp. at December 31, 2016 is reproduced below: Required:
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Required: Prepare in general journal format the adjusting entries that were posted, including plausible descriptions. General ledger account numbers are not necessary.
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Amount in Amount in adjusted unadjusted trial balance balance trial Account S 60 a. Accounts payable (re. supplies b. Interest payable c. Unearned rent revenue $ 100 100 500 1,000
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Date 2016 Description F Debit Credit a Dec 31 Adjusting Entries S...View the full answer
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Related Book For
Accounting Introduction To Financial Accounting
ISBN: 9781517089719
1st Edition
Authors: Henry Dauderis, David Annand
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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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