The following schedule shows all the accounts of Fresno Travel Agency that received year-end adjusting entries: Required:
Question:
Required:
1. Calculate the missing amounts identified by the letters (a) through (e).
2. Prepare the five adjusting entries that must have been made to cause the account changes as indicated.
Transcribed Image Text:
Unadjusted Adjusted Account Account Balance Account Balance 23,270 3,600 156,000 Prepaid Insurance Prepaid Rent Accumulated Depreciation Wages Payable Unearned Service Revenue Service Revenue Insurance Expense Rent Expense Depreciation Expense Wages Expense $6,150 2,100 6,750 78,980 13,620 71,600 29,700 12,500 44,200
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1 a Accumulated Depreciation Depreciation Expense Preadjustment 156000 Adjusted 12500 Adjustment 125...View the full answer
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Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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