The following accounts were taken from the Adjusted Trial Balance columns of the work sheet: Accumulated Depreciation $2,133 Fees Earned 14,633 Depreciation Expense 1,099 Insurance Expense 694 Prepaid Insurance 4,223 Supplies 1,856 Supplies Expense 3,765 Net income for the period is Oa. $5,558 Ob. $9,075 Oc. $6,942 Od. $20,191

The following accounts were taken from the Adjusted Trial Balance columns of the work sheet: Accumulated Depreciation $2,133 Fees Earned 14,633 Depreciation Expense 1,099 Insurance Expense 694 Prepaid Insurance 4,223 Supplies 1,856 Supplies Expense 3,765 Net income for the period is Oa. $5,558 Ob. $9,075 Oc. $6,942 Od. $20,191

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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