Question

At the end of 2016, Richards Company prepared a trial balance, recorded and posted its adjusting entries, and then prepared an adjusted trial balance. Selected accounts and account balances from the trial balance and adjusted trial balance are as follows:
Required:
1. By comparing the partial trial balance to the partial adjusted trial balance, determine the adjusting entries that the company made on December 31, 2016. Prepare your answers in general journal form.
2. Assuming that the company uses reversing entries, indicate which adjusting entries should be reversed.


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  • CreatedOctober 05, 2015
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