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LAKOTA FREIGHT CO.
End-of-Period Spreadsheet (Work Sheet)
For the Year Ended March 31, 2014
The data needed to determine year-end adjustments are as follows:
Supplies on hand at March 31 are $7500, Insurance premiums expired during year are $1800, Depreciation ofequipment during year are $8350, Depreciation of trucks during year are $6200, and wages accrued but not paid at March 31 are $600. 3a. Journalize the adjusting entries on Page 26 of the journal. Adjusting entries are recorded on March 31.
6a. Journalize the closing entries on page 27 of the journal. (Note: Complete the adjusted trial balance, the income statement, the statement of owner's equity, and the balance sheet BEFORE completing part 6a.)
the account balances appearing on the trial balance were taken from the general ledger of flips copy shop at june 30
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