Determine revenues expenses and net income of trident repair

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Problem

Supplies on hand on November 30 were $1,300. . Depreciation of equipment was estimated to be $7,200 for the year. . The balance in unearned fees represented the November 1 receipt in advance for services to be provided. During November, $13,500 of the services were provided. .Unpaid wages accrued on November 30 were $4,800 Journalize the adjusting entries necessary on November 30, 20Y3. Refer to the Chart of Accounts for exact wording of account titles. Get the instant assignment help. Determine the revenues, expenses, and net income of Trident Repairs & Service before the adjusting entries. Determine the revenues, expenses, and net income of Trident Repairs & Service after the adjusting entries. Determine the effect of the adjusting entries on Retained Earnings.

Reference no: EM133906375

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