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The trial balance of The New Decors for the month ended September 30 is as follows: Data for the adjustments are as follows: a. Expired or used-up insurance, $425. b. Depreciation expense on equipment, $2,750. c. Wages accrued or earned since the last payday, $475 (owed and to be paid on the next payday). d. Supplies remaining at end of month, $215. Required 1. Complete a work sheet. (Skip this step if using GL.) 2. Journalize the adjusting entries. *If you are using CLGL, use the year 2020 when recording transactions.

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College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
Publisher: South-Western College Pub
ISBN: 9781337280570
BuyFind

College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
Publisher: South-Western College Pub
ISBN: 9781337280570

Solutions

Chapter
Section
Chapter 4, Problem 2PB
Textbook Problem

The trial balance of The New Decors for the month ended September 30 is as follows:

Chapter 4, Problem 2PB, The trial balance of The New Decors for the month ended September 30 is as follows: Data for the

Data for the adjustments are as follows:

  1. a. Expired or used-up insurance, $425.
  2. b. Depreciation expense on equipment, $2,750.
  3. c. Wages accrued or earned since the last payday, $475 (owed and to be paid on the next payday).
  4. d. Supplies remaining at end of month, $215.

Required

  1. 1. Complete a work sheet. (Skip this step if using GL.)
  2. 2. Journalize the adjusting entries.

*If you are using CLGL, use the year 2020 when recording transactions.

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Chapter 4 Solutions

College Accounting (Book Only): A Career Approach
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