Question: Problem 6 (15 Points) The following data relate to the accounts of Edmiston Company a. Unpaid salaries and wages at year end amount to $800
Problem 6 (15 Points) The following data relate to the accounts of Edmiston Company a. Unpaid salaries and wages at year end amount to $800 $1 on Company owns bonds of another corporation that pay annual interest of These bonds were purchased on April 1, 2017, and the next interest b. Edmiston a payment will be received on April 1, 2018. c. A two-year insurance policy was purchased on July 1, 2017. The $1,200 insurance premium was paid on that date and was debited to Prepaid Insurance. one-year advance payment for services to be performed by Edminston Company he S d. Service Revenue was credited for $1.200 on May 1, 2017. The amount represents a through April 30, 2018. upplies account shows a balance of $3,000 on December 31, 2017. A physical count of the supplies on hand at this date reveals a total of $5,00 available. structions epare the necessary adjusting journal entries indicated by each item for the year ended ecember 31, 2017
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