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Instructions Prepare the adjusting entries that were made.

Adjusting Entries Exercise E11 The trial balances before and after adjustment for Villa Company at the end of its financial year are presented below. VILLA COMPANY Trial Balance as at 30 June 2012 Before Adjustment Dr. Cash Accounts Receivable Office Supplies Prepaid Insurance Office Equipment Accumulated Depreciation - Office Equipment Accounts Payable Salaries Payable Unearned Rent Issued Capital and Retained Earnings Service Revenue Rent Revenue Salaries Expense Office Supplies Expense Rent Expense Insurance Expense $10 8 2 4 14 400 800 300 000 000 $10 400 9 400 700 2 500 14 000 $4 900 5 800 1 100 600 15 600 34 000 11 000 34 600 11 900 17 000 -015 000 -0-0- Accounts Receivable Service Revenue Office Supplies Expense Prepaid Insurance Cr. 15 600 Instructions Prepare the adjusting entries that were made. Jun. 30 Dr. 5 800 -01 500 $71 500 Jun. 30 Cr. $ 3 600 Depreciation Expense Jun. 30 After Adjustment 18 1 15 1 1 $71 500 100 600 000 500 300 $74 500 $74 500 Jun. 30 Accumulated Depreciation Office Equipment Jun. 30 Salaries Payable Jun. 30 Rent Revenue