The following accounts were taken from the Adjusted Trial Balance columns of the work sheet: Accumulated Depreciation $2,557 Fees Earned 15,975 Depreciation Expense 995 Insurance Expense 489 Prepaid Insurance 4,587 Supplies 1,324 Supplies Expense 3,776 Net income for the period is Oa. $10,715 Ob. $8,158 Oc. $5,260 Od. $21,235

The following accounts were taken from the Adjusted Trial Balance columns of the work sheet: Accumulated Depreciation $2,557 Fees Earned 15,975 Depreciation Expense 995 Insurance Expense 489 Prepaid Insurance 4,587 Supplies 1,324 Supplies Expense 3,776 Net income for the period is Oa. $10,715 Ob. $8,158 Oc. $5,260 Od. $21,235

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 11EB: Prepare adjusting journal entries, as needed, considering the account balances excerpted from the...

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