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Which of these adjusting entries can I reverse? Insurance Expense 850 Prepaid Insurance 850 Accounts Receivable 1500 Advertising Revenue 1500 Interest Receivable 500 Interest Revenue 500
An examination of the ledger shos this error: The Service Revenue account was totaled at $5200 instead of $5280. How do I correct this on a T-account? Do I just add the 80 bucks or is there something else I can do, none of the research I have done has been able to help neither does my book!!
Does year end adjusting entries need reversing entries afterwards?:confused:
I have a problem that says to reversing entries by the previous year's adjusting entries. It want me to reverse Interest income $307.50 Salaries expense That give me Sales salaries $1306, Office Salaries $607 I will add them together and get $1913 for Salaries payable. Interest Expense $1,755. How...
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