The trial balances before and after adjustment for Lane Company at October 31, 2017, which is the

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The trial balances before and after adjustment for Lane Company at October 31, 2017, which is the end of its fiscal year, are as follows:

Instructions
Prepare the adjusting entries that were made.

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Accounting Principles

ISBN: 978-1119048503

7th Canadian Edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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Question Posted: May 16, 2017 09:56 AM

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The trial balances before and after adjustment for Lane Company at October 31, 2017, which is the

Question:

Before Adjustment After Adjustment Debit S 9,100 Credit Credit 34,100 Accumulated depreciation-equipment 5 5,900 40,000 40,000 1,600 5,600 10,000 4 Depreciation expense 18,125 $101,625 $101,625 $106,055 $106,055

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Oct 31 Accounts Receivable 9230 8700 530 Service Revenue 530 Oct 31 Supplies Expense 2450 7...View the full answer

Accounting Principles

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