Information related to accounts requiring adjustments on the work sheet for the year ended December 31 for
Question:
Information related to accounts requiring adjustments on the work sheet for the year ended December 31 for Magner’s Advertising Center follows.
Instructions
In your working papers, identify the amount of each adjustment, which account is debited, and which account is credited.
1. The Trial Balance section shows a balance of $4,239.80 for Supplies. The amount of supplies actually on hand at the end of the period is $912.15.
2. Magner’s paid an annual insurance premium of $4,920.00 on October 1.
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Step by Step Answer:
1 The amount of the adjustment 423980 120215 2037...View the full answer
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