In Ignacio Company's unadjusted trial balance, prepaid insurance has a debit balance of $4,400, accumulated depreciation, equipment
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Question:
. Expired insurance recoded for $400,
. Recorded depreciation expense, equipment for $500 and
. Recorded earned income of $300 previously received in advance
What balances will show in the adjusted trial balance for Prepaid Insurance, Accumulated Depreciation, Equipment, and Unearned Income accounts?
Related Book For
Accounting
ISBN: 978-0176509743
Volume 1, 2nd canadian Edition
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
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