Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1- prepare adjusting entries 2- prepare adjusted t

1- Prepare adjusting entries 2- Prepare adjusted Trial balance 3- Prepare income statement, statement of...

70.2K

Verified Solution

Question

Accounting

image

1- Prepare adjusting entries 2- Prepare adjusted Trial balance 3- Prepare income statement, statement of changes in equity and Balance sheet.

December 31, 20X6 Murray Corporation Adjusted Trial Balance 1 2 Account 3 Cash 4 Accounts receivable 5 Supplies 6 Prepaid rent 7 Equipment 8 Accumulated depreciation 9 Accounts payable 10 Interest payable 11 Unearned service revenue 12 Income tax payable 13 Note payable 14 Share capital 15 Retained earnings 16 Dividends 17 Service revenue 18 Depreciation expense 19 Salary expense 20 Rent expense 21 Interest expense 22 Insurance expense 23 Supplies expense 24 Income tax expense 25 Total 26 Debit Credit $ 1,700 8,900 2.300 1,200 38,700 $ 4,500 3.900 500 700 2,600 18,800 8,000 4500 25,000 103,800 1,200 40,600 10,300 3,300 3,700 2.800 7,600 $ 147,300 $ 147,300

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students