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    derenda's Avatar
    derenda Posts: 24, Reputation: -2
    New Member
     
    #1

    Feb 3, 2009, 10:08 AM
    Adjusting accounting
    If I have a trail balance for DEc31 reading
    Cash dr 4000
    Prepaid insurance reading Dr.1600
    Supplies Dr.2100
    Equipment dr.20000
    Accumlated depreciation equip cr.2000
    c. large capital cr19000
    c.large wthdrawals dr.2000
    Revenue cr.33000
    Salaries expense dr.18000
    Rent expense dr.6000
    Total 54000 54000
    Additional information expired insurance 600 so would I subtract that from 1600
    Unused supplies per inventory 800 do I add that
    Estimated depreciation 1000 do I add that
    Earned but unpaid salaries 700 do I add that
    What I'm doing is trying to perpare adjusting entries
    codyman144's Avatar
    codyman144 Posts: 544, Reputation: 31
    Senior Member
     
    #2

    Feb 3, 2009, 11:38 AM

    Yes, you make the adjustments that are stated.

    As this is homework please see this:

    Ask Me Help Desk - Announcements in Forum : Accounting

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