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Category > Management Posted 08 Oct 2017 My Price 7.00

Adjustments columns

preparation of Adjusting and reversing Entries from Work Sheet Columns

E6A. The items that follow are from the Adjustments columns of a work sheet dated June  30, 2014.

 

Adjustments

Account name                                        Debit                Credit

Prepaid Insurance                                                                                     (a)      480

Office Supplies                                                                                          (b)  1,260

Accumulated Depreciation—Office Equipment                                    (c)  2,800

Accumulated Depreciation—Store Equipment                                     (d)  4,400 Office Salaries Expense                                        (e)     480

Store Salaries Expense                                                   (e)      960

Insurance Expense                                                         (a)      480

Office Supplies Expense                                                (b)  1,260 Depreciation Expense—Office Equipment        (c)  2,800 Depreciation Expense—Store Equipment         (d)  4,400

Salaries Payable                                                                                         (e)  1,440

                            

10,380                10,380

 

 

 

 

 

                             

1.    Prepare the adjusting entries.

2.    Where required, prepare appropriate reversing entries.

Answers

Maurice Tutor
(5)
Status NEW Posted 08 Oct 2017 11:10 PM My Price 7.00

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