Using the information in M4- 3, prepare the adjusting journal entries required. Transaction Type of Adjustment l.
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Transaction Type of Adjustment l. Supplies for office use were purchased during the year A. Accrual adjustment B. Deferral adjustment for $500, of which $100 remained on hand (unused) at year-end 2. Interest of $250 on a note receivable was earned at year end, although collection of the interest is not due until the following year. not been recorded or paid. been completed for a client, but nothing had been billed 3. Atyear-end, salaries and wages payable of $3,600 had -4. At year-end, one-half of a $2,000 advertising project had or collected. 5. Redeemed a gift card for $600 of services.
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1 Supplies Expense E SE 400 Supplies A 400 2 Interest Receiva...View the full answer
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I HAVE M.TECH DEGREE IN ELECTRICAL AND ELECTRONICS ENGINEERING FROM NATIONAL INSTITUTE OF TECHNOLOGY TRICHURAPPALLI. I HAVE TWO YEARS OF WORK EXPERIENCE IN DRDO BENGALURU. I AM CURRENTLY WORKING AS SUBJECT MATTER EXPERT- ELECTRICAL ENGINEERING AT CHEGG.COM.
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Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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