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College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756

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BuyFindarrow_forward

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756
Textbook Problem

WORKING BACKWARD FROM ADJUSTED TRIAL BALANCE TO DETERMINE ADJUSTING ENTRIES The partial spreadsheet shown below is taken from the books of Sunstate Computer Supply, a business owned by Michelle Thibeault, for the year ended December 31, 20--. Sunstate is on the periodic inventory system.

REQUIRED

  1. 1. Determine the adjusting entries by analyzing the difference between the adjusted trial balance and the trial balance.
  2. 2. Journalize the adjusting entries in a general journal.

images

To determine

Prepare the adjusting entries by analyzing the difference between the adjusted trail balance and the trail balance.

Explanation

Prepare the adjusting entries by analyzing the difference between the adjusted trail balance and the trail balance.

2.

To determine

Prepare adjusting entries in the general journal.

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