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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
The unadjusted trial balance of Lakota Freight Co. at March 31, 2014, the end of the Current year, is shown below.
The data needed to determine year-end adjustments are as follows:
a. Supplies on hand at March 31 are $7,500.
b. Insurance premiums expired during year are $1,800.
c. Depreciation of equipment during year is $8,350.
d. Depreciation of trucks during year is $6,200.
e. Wages accrued but not paid at March 31 are $600.
prepare the adjusting journal entries, prepare the adjusted trial balance worksheet.prepare the income statement, statement of owner's equity and the classified balance sheet for the company.
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