The ledger of Terrel Company includes the following unadjusted normal balances: Prepaid Rent $800, Services Revenue $11,600

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The ledger of Terrel Company includes the following unadjusted normal balances: Prepaid Rent $800, Services Revenue $11,600 and Wages Expense $5,000. Adjusting entries are required for
(a) Accrued rent expense $240;
(b) Accrued services revenue $180; and
(c) Accrued wages expense $160.
Enter these unadjusted balances and the necessary adjustments on a work sheet and complete the work sheet for these accounts. Note: Also include the following accounts: Accounts Receivable, Wages Payable, and Rent Expense.

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Related Book For  answer-question

Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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