The adjusted trial balance of Wale Company includes the following balance sheet accounts that frequently require...
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The adjusted trial balance of Wale Company includes the following balance sheet accounts that frequently require adjustment. KU 6 Instructions: For each account, indicate a. the type of adjusting entry (prepaid expenses, unearned revenues, accrued revenues, or accrued expenses) and b. the related account in the adjusting entry. NOTE: The first one was completed for you (in italics) as an example. b. Balance Sheet Account Type of Adjusting Entry Related Account i) Interest Payable Accrued Expense Interest Expense 1) Commission Receivable 1) 2) i) Supplies 3) 4) iv) Accumulated Depreciation 5) 6) -Truck v) Prepaid Insurance 7) 8) vi) Unearned Revenue 9) 10) vii) Salaries Payable 11) 12) Note: Your response should look like this; 1) Accrued Exp, 2) Interest Exp, 3) 6 points Unearned Rev, 4)... Your answer The adjusted trial balance of Wale Company includes the following balance sheet accounts that frequently require adjustment. KU 6 Instructions: For each account, indicate a. the type of adjusting entry (prepaid expenses, unearned revenues, accrued revenues, or accrued expenses) and b. the related account in the adjusting entry. NOTE: The first one was completed for you (in italics) as an example. b. Balance Sheet Account Type of Adjusting Entry Related Account i) Interest Payable Accrued Expense Interest Expense 1) Commission Receivable 1) 2) i) Supplies 3) 4) iv) Accumulated Depreciation 5) 6) -Truck v) Prepaid Insurance 7) 8) vi) Unearned Revenue 9) 10) vii) Salaries Payable 11) 12) Note: Your response should look like this; 1) Accrued Exp, 2) Interest Exp, 3) 6 points Unearned Rev, 4)... Your answer
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
Posted Date:
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