The trial balances before and after adjustment for Garcia Company at the end of its fiscal year

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The trial balances before and after adjustment for Garcia Company at the end of its fiscal year are presented below.

Instructions
Prepare the adjusting entries that weremade.

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Financial Accounting

ISBN: 978-0470507018

7th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: May 22, 2012 04:37 AM

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The trial balances before and after adjustment for Garcia Company at the end of its fiscal year

Question:

GARCIA COMPANY Trial Balance August 31, 2011 ore After Adjustment Adjustment Cr. $10400 Cr S10,400 Accounts Receivable 4 Accumulated Depreciation- Office Equipment Accounts Payable 9 Retained Earnings Salaries Expense Office Supplies Expense nse Depreciation Expense $71500 71,500 $7400 S74500

Step by Step Answer:

Aug 31 Accounts Receivable 1000 Service Revenue 1000 31 Office Supplies ...View the full answer

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