Please refer to the worksheet below:
Post adjustments needed according to the information below, and complete the worksheet.
· At year- end, the company has earned $2 000 of service revenue from a client, but has not yet completed the job, or received a payment.
· At year- end, the company owes $180 of salaries to its staff that it has not paid yet.
· At year- end, the company has only $20 of supplies left.
· At year- end, the company records $240 of depreciation expense.
Correct Answer:
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Q34: Please refer to the worksheet below. Enter
Q35: Please refer to the following partially completed
Q37: The following is the adjusted trial balance
Q38: In which of the columns of the
Q41: Revenue accounts and expense accounts are closed
Q43: Revenue accounts and expense accounts are closed
Q50: Salaries payable is a permanent account.
Q58: Capital is a temporary account.
Q74: Capital is a permanent account.
Q77: Accumulated depreciation is a permanent account.
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