Chirp Hearing is owned by Annie Truderung and provides hearing aids and other auditory services. At the
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Question:
Chirp Hearing is owned by Annie Truderung and provides hearing aids and other auditory services. At the end of May the company had the following adjustments.
May Interest on the bank loan is set at ; one month of interest has accrued.
May The balance of prepaid rent is for the remaining months of the lease; one month of rent has been used.
May The equipment was purchased three months prior at the beginning of the month and will have a useful life of years, after which it will have residual value of $ Depreciation is recorded every month. Record depreciation for May.
May Chirp Hearing completed $ of work that was previously unearned.
May Auditory services were provided in the month for $ and the customer will pay next month.
Required
Using the following trial balance, complete the adjustments and the adjusted trial balance in the worksheet.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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