Taylor is eager to find out if she has earned any profit during the first month of
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Question:
Taylor is eager to find out if she has earned any profit during the first month of her operations. You must first adjust the accounts to bring them up to date before preparing the financial statements.
1. Journalize these adjusting entries in the journal.
April 30. The depreciation on the equipment is $120.
April 30. The supplies remaining on hand at the end of the month total $160.
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