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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
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Use of a Trial Balance as a Basis for Adjusting Entries
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Bob Reynolds operates a real estate business. A trial balance on April 30, 2008, before any adjusting
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entries are recorded, appears as follows:
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Required
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1. Prepare in general journal form the necessary adjusting entries at April 30, 2008. Label the
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entries (a) through (h) to correspond to the other data.
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2. Note that the unadjusted trial balance reports a credit balance in Accumulated Depreciation—
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Office Equipment of $5,000. Explain why the account contains a balance of $5,000 on April 30,
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2008
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Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll