Clint prepared for one years worth of insurance coverage. The total was $4200 and was paid on
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Question:
- Client employees work Monday through Friday and salaries of $2100 per week are paid each Friday. clients year end falls on Tuesday
- On December 31, 2024 client received a bill for $190 for utilities incurred during December. The bill will be paid in early January of 2025.
- Client had issued a 9-month note on July 1, 2024 in order to purchase land adjacent to their current facility. The note was $11000 and included an interest rate of 9%.
Prepare adjusting entries as on December 31,2024
Related Book For
South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st Edition
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
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