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During the 12 months ended December 31, 2024, All Mopped Up: a. Used office supplies of $1,700. b. Used prepaid insurance of $580. C. Depreciated equipment, $500. d. Accrued salaries expense of $310 that hasn't been paid yet. Earned $400 of unearned revenue. e.

During the 12 months ended December 31, 2024, All Mopped Up: a. Used office supplies of $1,700. b. Used prepaid insurance of $580. C. Depreciated equipment, $500. d. Accrued salaries expense of $310 that hasn't been paid yet. Earned $400 of unearned revenue. e.

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter4: The Adjustment Process
Section: Chapter Questions
Problem 10EA: Prepare journal entries to record the following adjustments. A. Insurance that expired this period,...
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Journalize the adjusting entries using the letter and December 31 date in a data column, using debits and credits 

Account Title All Mopped Up Company Unadjusted Trial Balance December 31, 2024 Cash Office Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable - GA Balance Debit 800 2,000 600 30,000 $ Credit 2,000 2,400
Transcribed Image Text:Account Title All Mopped Up Company Unadjusted Trial Balance December 31, 2024 Cash Office Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable - GA Balance Debit 800 2,000 600 30,000 $ Credit 2,000 2,400
During the 12 months ended December 31, 2024, All Mopped Up: a. Used office supplies of $1,700. b. Used prepaid insurance of $580. C. Depreciated equipment, $500. d. Accrued salaries expense of $310 that hasn't been paid yet. Earned $400 of unearned revenue. e.
Transcribed Image Text:During the 12 months ended December 31, 2024, All Mopped Up: a. Used office supplies of $1,700. b. Used prepaid insurance of $580. C. Depreciated equipment, $500. d. Accrued salaries expense of $310 that hasn't been paid yet. Earned $400 of unearned revenue. e.
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