The unadjusted trial balance for Swift Creek Engineering at its year end, December 31, 2014, is as

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The unadjusted trial balance for Swift Creek Engineering at its year end, December 31, 2014, is as follows:
The unadjusted trial balance for Swift Creek Engineering at its

Additional information:
1. Revenue of $1,440 was earned but unrecorded as at December 31, 2014.
2. On June 1, the company purchased a one-year insurance policy.
3. Depreciation on the equipment for 2014 is $2,780.
4. A count on December 31, 2014, showed $750 of supplies on hand.
5. The four-month, 4% note receivable was issued on October 1, 2014. Interest and principal are payable on the maturity date.
The unadjusted trial balance at December 31, 2014, and the year-end adjustment data for Swift Creek
Engineering is presented in E4-7.
Instructions
Prepare the work sheet for the year ended December 31, 2014?

Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...
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Related Book For  book-img-for-question

Accounting Principles Part 1

ISBN: 978-1118306789

6th Canadian edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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