See the spreadsheet for P3-24 and below. The spreadsheet provides the balances in Takhini Inc.'s accounts on
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Reconstruct the adjusting entries that were made to Takhini Inc.'s spreadsheet on December 31, 2017.
Forp3.24
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Assets Liabilities For P3-24. Transaction Balance before adjusting entries Balance after adjusting entries Royalty revenue Prepaid Property, plant, Accumulated Accounts Unearned Wages payable revenue payable Cash receivable rent and equipment depreciation $3,000 $0,000 $8,000 14,000 0 $52,000 $0 ($14,000) $52,000 $10,000 $1,000 $40,000 ($22,000) S8,000 $6,000 $4,000
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1 Dr Royalty Revenue receivable 10000 Cr Royalty revenue 100...View the full answer
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