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Chapter The Accounting Cycle: Adjustments AP-14A LO 24367 Limbo Lower has completed all its journal entries for the month of September 2019 and posted them to the general ledger. Based on the ledger balances, an unadjusted trial balance has been prepared. Limbo Lower Trial Balance September 30, 2019 Account Title DR CR Cash 55,800 Accounts Receivable 1,450 Prepaid Insurance 1.800 Equipment 10,400 Accounts Payable $3,050 Unearned Revenue 1400 Bank Loan 4,640 Patel Capital 11450 Patel Withdrawal 1600 Service Revenue 1,900 Interest Expense 40 Rent Expense 1359 Total $22.440 $22.440 The following adjustments must be made at the end of September Sep 30 The amount of prepaid insurance is for 12 months one month has been used Sep 30 Depreciation for the month on equipment was $120 Sep 30 Unearned revenue of 5360 has now been ewned Sep 30 Work was performed for 5450, which will be paid for next month Required aFill in the unadjusted trial balance on the worksheet and complete the rest of the worksheet. Account Title Unadjusted Trial Balance DR CR Adjustments DR CR Adjusted Trial Balance ) DR CR o Chapter 5 The Accounting Cycle: Adjustments b) Create the journal entries for the adjustments from the worksheet. Date Account Title and Explanation PR Debit Credit g N 1))

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