The company's unadjusted trial balance includes the following account balances:
The following data are available to determine adjusting entries:
A)$4,350 of prepaid insurance expired during the period.
B)The company estimates depreciation expense of $8,150 for the period.
C)A count showed $85,700 of supplies on hand.
D)Interest earned and receivable on the outstanding notes receivable is $260 for the period.
E)Performed services,$5,600,for which customers had previously paid in advance.
F)Performed services,$2,000,not yet billed or recorded.
Prepare the adjusting entries that should be recorded.Then,prepare an adjusted trial balance using the blank columns to the right of the unadjusted trial balance.
Correct Answer:
Verified
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