The following data were accumulated for preparing the adjusting entries for the Atlanta Rhythm Company: At

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The following data were accumulated for preparing the adjusting entries for the Atlanta Rhythm Company:

▪ At the end of the year, $13,680 of fees have been earned, but have not been billed to clients.

▪ Wages of $12,500 are paid on Friday for a five-day workweek. The accounting period ends on Thursday, December 31.Journalize the adjusting entries necessary on December 31, the end of the accounting period.

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Financial And Managerial Accounting

ISBN: 9781337902663

15th Edition

Authors: Carl S. Warren, Jefferson P. Jones, William B. Tayler

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