Question: Ramirez Company is completing the information processing cycle at its fiscal year - end on December 3 1 . Following are the correct balances at
Ramirez Company is completing the information processing cycle at its fiscal yearend on December Following are the correct balances at December for the accounts both before and after the adjusting entries.
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Ramirez Company is completing the information processing cycle at its fiscal yearend on December Following are the
correct balances at December for the accounts both before and after the adjusting entries.
Required:
Compare the amounts in the columns before and after the adjusting entries to reconstruct the adjusting entries made in the current
year.
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field.
Journal entry worksheet
Record the adjusting journal entry related to revenue.
Note: Enter debits before credits.
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