The unadjusted trial balance for Amazon as of December 31, 2022 appears below.DebitCreditCash$1,200Accounts Receivable900Prepaid Insurance900Supplies2,000Land10,000Office...
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Accounting
The unadjusted trial balance for Amazon as of December 31, 2022 appears below.
| Debit | Credit | |
| Cash | $1,200 | |
| Accounts Receivable | 900 | |
| Prepaid Insurance | 900 | |
| Supplies | 2,000 | |
| Land | 10,000 | |
| Office Furniture | 4,500 | |
| Accounts Payable | 900 | |
| Unearned Revenue | 1,500 | |
| Note Payable | 5,500 | |
| Common Stock | 3,000 | |
| Retained Earnings | 7,400 | |
| Dividends | 1,100 | |
| Service Revenues | 4,100 | |
| Rent Expense | 600 | |
| Salaries Expense | 1,200 | |
| $22,400 | $22,400 |
Additional Information:
- The Company paid $900 for a one-year insurance policy on July 1, 2022.
- The note payable represents a 8 month, 8% loan obtained from The Bank & Trust on October 1, 2022.
Prepare adjustment entries.
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