Prepare the adjusting journal entries for the following items. Adjustments are being made for the month of
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Question:
- Prepare the adjusting journal entries for the following items. Adjustments are being made for the month of October. Use October 31 as the date for the journal entries.
- 1. Prepaid insurance totaling $400 expired during the month.
- 2 .Salaries of $500 are unpaid at the end of the month.
- 3 .Services performed but unbilled at the end of the month total $800.
- 4. Supplies of $100 were used during the month.
- 5. Depreciation expense on the equipment for the month is $300.
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
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