Prepare adjusting and closing journal entries for the year ended 31 December 2022 and extracts of the
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Prepare adjusting and closing journal entries for the year ended 31 December 2022 and extracts of the income statement and balance sheet. Also prepare reversal journal entries on 1 January 2023.
General ledger balances on 31 December 2022 were wages $76 600 and interest received $6500. The adjustments for the end of year were wages incurred but not yet paid $1200 and interest earned but not received $1700.
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Adjusting and Closing Entries for Wages and Interest 2022 Adjustments December 31 2022 1 Wages Accou...View the full answer
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Related Book For 
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
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