The accounting records of Lalonde Ltée include the following unadjusted balances at May 31: Accounts Receivable, $1,300;
Question:
a. Supplies on hand, $300
b. Salary owed to employees, $2,000
c. Service revenue accrued, $600
d. Unearned service revenue that has been earned, $700
Open the foregoing T-accounts with their beginning balances. Then record the adjustments directly in the accounts, keying each adjustment amount by letter. Show each account's adjusted balance. Journal entries are not required.
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Related Book For
Financial Accounting
ISBN: 978-0133472264
5th Canadian edition
Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin
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