Prepare an adjusted trial balance from the following account information, considering the adjustment data provided (assume accounts

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Prepare an adjusted trial balance from the following account information, considering the adjustment data provided (assume accounts have normal balances). Equipment was recently purchased, so there is neither depreciation expense nor accumulated depreciation.

Adjustments needed:
• Salaries due to employees, but unpaid at the end of the period, $2,000
• Insurance still unexpired at end of the period, $12,000

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Principles Of Accounting Volume 1 Financial Accounting

ISBN: 9781593995942

1st Edition

Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax

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