Q1 Prepare general journal entries to record the adjustments below
Q1. Prepare general journal entries to record the adjustments below as of December 31 for the Perry Corporation.
Q2. Review the adjusting journal entries (AJEs) above. Identify each journal entry account as either a balance sheet account or an income statement account. In total there are (3 / _________/ 5) balance sheet accounts and (3 / _________/ 5 ) income statement accounts. Each AJE includes (_________/ 2 / 3) balance sheet account and (_____ / 2 / 3) income statement account and (always / sometimes / ________) includes the cash account.
Q3. Prepare part of the December 31 adjusted trial balance for the expense accounts below.
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