Journalize and post the following month-end adjustments (on General Journal page J2) Earned but unbilled fees at
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Journalize and post the following month-end adjustments (on General Journal page J2)
- Earned but unbilled fees at June 30 were $1500
- Depreciation on the equipment for the month was $500
- One-twelfth of the insurance expired
- A physical count showed $400 of repair supplies on hand at June 30.
- Accrued but unpaid employee salaries were $400.
- The company signed an agreement to purchase new equipment for $15,000. The equipment will be shipped in July.
2). Journalize and post the closing entries (General Journal page)
3). Prepare a post-closing trial balance at June 30, 2020.
4.) Prepare the Big Wave Dave June 30, 2020 Statement of Financial Position.
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