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Q. Show Journalizing adjusting entries?
Subsequent to completing Micro Train's financial statements from the work sheet you should enter the adjusting entries in the general journal and post them to the appropriate ledger accounts. You would make these adjusting entries as you learned in section 3 except that the work sheet is now your source for making the entries. The making of a work sheet doesn't eliminate the need to prepare and post adjusting entries because the work sheet is only an informal accounting tool and is not part of the formal accounting records.
The numerical notations in the adjustments explanations and at the Adjustments columns the bottom of the work sheet identify each adjusting entry. The Adjustments columns show every entry with its appropriate debit and credit. Micro Train's adjusting entries since they would appear in the general journal after posting are
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If the amount in supplies expense is the january 31 adjusting entry and $650 of supplies waw purchased in january what was the balance in supplies on january 1
State about the Reporting sales taxes collected SALES TAX PAYABLE - CREDIT BALANCE SALES RETURNS INVOLVING A SALES TAX Tax should also be returned to the customer.
Weekly tasks or assignments (Individual or Group Projects) will be due by Monday and late submissions will be assigned a late penalty in accordance with the late penalty policy fou
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I am trying to figure out FIFO LIFO and AVERAGE COST of the ending inventory and the cost of goods sold.
San Jose Company issued 5-year $200,000 face value bonds at 105 on January 1, 2012. The stated interest rate on these bonds is 9%. Use the straight line situation to complete the a
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