Hawk Company used the following information to prepare adjusting entries at its December 31 year-end. Prepare any

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Hawk Company used the following information to prepare adjusting entries at its December 31 year-end.

Prepare any necessary reversing entries for accounting adjustments a through e assuming that the company uses reversing entries.

a. The company earned $6,000 in service revenues that were not yet recorded at year-end.

b. The expired portion of prepaid insurance was $3,700.

c. The company earned $2,900 of its Unearned Revenue account balance.

d. Depreciation expense for office equipment was $3,300.

e. Employees earned, but have not been paid, salaries of $3,400.

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Fundamental Accounting Principles

ISBN: 9781260247985

25th Edition

Authors: John J Wild, Ken Shaw

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Question Posted: Oct 25, 2021 04:21 AM

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Hawk Company used the following information to prepare adjusting entries at its December 31 year-end. Prepare any

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Fundamental Accounting Principles

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