Cr. Cr. Instructions: Below are several exercises, each of the requested steps must be submitted...
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Accounting
Cr. Cr. Instructions: Below are several exercises, each of the requested steps must be submitted in full. || Evidence of each step, for evidence of the answers. Completing the Accounting Cycle 1. Derive adjusting entries from worksheet data. Adjusted Account Titles Trial Balance Trial Balance Dr. Dr. Accounts Receivable ? 34,000 Prepaid Insurance 26,000 20,000 Supplies 7,000 ? Accumulated Depreciation 12,000 ? Salaries Payable ? 5,000 Service Revenue 88,000 97,000 Insurance Expense ? Depreciation Expense 10,000 Supplies Expense 5,000 Salaries Expense ? 49,000 Instructions (a) Fill in the missing amounts. Explain (6) 1. 2. 3. 4. 5. 6. (b) Prepare the adjusting entries that were made. Prepare worksheet, financial statements, and adjusting and closing entries
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