prepare the adjusting entries for the items above. The trial balance for Yazici advertising is as follows:Yazici advertisingTrial balanceOctober 31, 2020debitcreditCash15,200SuppliesPrepaid insuranceEquipmentNotes payableAccounts payable2,5006005,005,0002,500Unearned service revenue1,200Owner's capitalOwner's drawings10,000500Service revenue10,000Salaries and wages expense4,000Rent expense900$28,700 $28,700Given the following transactions:1. Supplies on hand at October 31, total $5002. Expired insurance for the month is $120.3. Depreciation for the month is $50.4. Services related to unearned service revenue in Octoberworth $600 were performed.5. Services performed but not recorded at October 31, are$360.6. Interest accrued at October 31 is $95.7. Accrued salaries at October 31 are$1,625.Required: prepare the adjusting entries for the items above.

A journal entry is the first step in chronicling financial transactions in the books of business…

Answered: prepare the adjusting entries for the…

Business

Accounting

prepare the adjusting entries for the items above.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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