Selected accounts of Urdu Company are shown below. Instructions From an analysis of the T-accounts, reconstruct (a)

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Selected accounts of Urdu Company are shown below.

Instructions
From an analysis of the T-accounts, reconstruct
(a) The October transaction entries, and
(b) The adjusting journal entries that were made on October 31, 2008. Prepare explanations for each journalentry.

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Intermediate Accounting principles and analysis

ISBN: 978-0471737933

2nd Edition

Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso

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Question Posted: May 10, 2012 12:54 AM

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Selected accounts of Urdu Company are shown below. Instructions From an analysis of the T-accounts, reconstruct (a)

Question:

Supplies 470 2,400 1,650 Beg. Bal. 800 10/31 10/31 Salaries Expense Salaries Payable 10/15 800 600 10/31 10/31 Unearned Service Revenue Supplies Expense 10/31 400 10/20 10/31 470 Service Revenue 10/31 10/31 2,400 1,650 400

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a 1015 Salaries Expense 800 Cash 800 To record payment of October 15 payroll 1017 Accounts ...View the full answer

Intermediate Accounting principles and analysis

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