Question: Additional information and adjustinent data: 1. A 12 month intarancepolicywas purchasef aid was elfective February 1, 2021. 2. There was 500 ol suppites, on band


Additional information and adjustinent data: 1. A 12 month intarancepolicywas purchasef aid was elfective February 1, 2021. 2. There was 500 ol suppites, on band on December 31. 4. Salaries of $808 are accrued and unpaid at December 31 . 5. Accrued interest experse at December 31 is $725. 6. There was deferred revenue of $985 that still needed to be deferred as at December 31. The balance had been eamed. Of the deferred revenue that had been earned, the cost of goods sold was $2.000. 7. Of the bank loan payable, 59,634 is payable next year. 8. Income tax of $5:10 is due and unpaid. 9. A physical count of inventory indicates $22.075 on hand at December 31 . 10. Common shares of 53,090 were issued during the year; Additional information and adjustinent data: 1. A 12 month intarancepolicywas purchasef aid was elfective February 1, 2021. 2. There was 500 ol suppites, on band on December 31. 4. Salaries of $808 are accrued and unpaid at December 31 . 5. Accrued interest experse at December 31 is $725. 6. There was deferred revenue of $985 that still needed to be deferred as at December 31. The balance had been eamed. Of the deferred revenue that had been earned, the cost of goods sold was $2.000. 7. Of the bank loan payable, 59,634 is payable next year. 8. Income tax of $5:10 is due and unpaid. 9. A physical count of inventory indicates $22.075 on hand at December 31 . 10. Common shares of 53,090 were issued during the year
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