The ledger of Ley Company includes the following unadjusted balances: Prepaid Insurance $3,000; Service Revenue $58.000; and
Question:
(a) Expired insurance $ 1,200;
(b) Services provided $1,100, but unbilled and uncollected;
(c) Accrued salaries payable $800.
Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts. Now: You will need to add the following accounts; Accounts Receivable, Salaries Payable, and Insurance Expense.
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Related Book For
Financial accounting
ISBN: 978-1118285909
IFRS Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
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