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Comprehensive Problem 1 Part 4 and Part 6 : The following is a comprehensive problem...

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Accounting

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Comprehensive Problem 1 Part 4 and Part 6 : The following is a comprehensive problem which encompasses all of the elements learned in previous chapters, You can refer to the objectives for each chapter covered as a review of the conceots. Note: You must complete parts 1,2 and 3 before completing parts 4 and 6 . Please note that part 5 is optional. Part 4: At the end of May, the following adjustment data were assembled. Analyze and use these data to complete parts (5) and (6). a. Insurance expired during May is $275. b. Supplies on hand on May 31 are $715. c. Depreciation of office equipment for May is $330. d. Accrued receptionist salary on May 31 is $325. e. Rent expired during May is $1,600. f. Unearned fees on May 31 are $3,210. Part 6: Journalize the adjusting entries. Then, post the entries to the attached spreadsheet from part 2. a. Insurance expired during May is $275 : b. Supplies on hand on May 31 are 5715 . b. Supplies on hand on May 31 are $715. c. Depreciation of office equipment for May is $330. d. Accrued receptionist salary on May 31 is $325. e. Rent expired during May is $1,600. 5 more Check My Work uses remaining. f. Unearned fees on May 31 are $3,210

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