The unadjusted trial balance for Amazon as of December 31, 2022 appears below. Debit Credit Cash $1,200
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Question:
The unadjusted trial balance for Amazon as of December 31, 2022 appears below.
Debit | Credit | |
Cash | $1,200 | |
Accounts Receivable | 900 | |
Prepaid Insurance | 900 | |
Supplies | 2,000 | |
Land | 10,000 | |
Office Furniture | 4,500 | |
Accounts Payable | 900 | |
Unearned Revenue | 1,500 | |
Note Payable | 5,500 | |
Common Stock | 3,000 | |
Retained Earnings | 7,400 | |
Dividends | 1,100 | |
Service Revenues | 4,100 | |
Rent Expense | 600 | |
Salaries Expense | 1,200 | |
$22,400 | $22,400 |
Additional Information:
- The Company paid $900 for a one-year insurance policy on July 1, 2022.
- The note payable represents a 8 month, 8% loan obtained from The Bank & Trust on October 1, 2022.
Prepare adjustment entries.
Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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