Use the following information for adjusting entries a., b., and c below and create a new...

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Use the following information for adjusting entries a., b., and c below and create a new Adjusted Trial Balance for Sophy Company. Sophy Company Unadjusted Trial Balance December 31, 202X Cash Accounts Receivable Office Supplies Prepaid Insurance Accounts Payable John Sophy, Capital John Sophy, Withdrawals Fee Revenue Advertising Expense Utilities Expense Wage and Salaries Expense Adjustment data: a. Office supplies on hand on December 31, 202X, are valued at $300. b. During the year, $500 of the insurance policy has expired. c. Wages and salaries owed to employees on December 31, 202X, amount to $200. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Raragraph Arial 10pt V Debit = $9,000 3,600 950 2,000 1,300 550 400 2.300 $20,100 . Ev FB Credit X $3,900 7,500 8,700 $20,100 AV I FB 6.8 F. F Use the following information for adjusting entries a., b., and c below and create a new Adjusted Trial Balance for Sophy Company. Sophy Company Unadjusted Trial Balance December 31, 202X Cash Accounts Receivable Office Supplies Prepaid Insurance Accounts Payable John Sophy, Capital John Sophy, Withdrawals Fee Revenue Advertising Expense Utilities Expense Wage and Salaries Expense Adjustment data: a. Office supplies on hand on December 31, 202X, are valued at $300. b. During the year, $500 of the insurance policy has expired. c. Wages and salaries owed to employees on December 31, 202X, amount to $200. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Raragraph Arial 10pt V Debit = $9,000 3,600 950 2,000 1,300 550 400 2.300 $20,100 . Ev FB Credit X $3,900 7,500 8,700 $20,100 AV I FB 6.8 F. F

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Step 1 Adjusting Journal Entries An adjusting entry is an entry made to assign the right amount of r... View the full answer