Adjusting Entries
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File contains balance sheet and income statement adjustments for problem E4-4 - The adjustments columns of the work sheet for the Munoz Company.
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Solution Summary
This file contains an example of how to post adjusting entries to a balance sheet and an income statement. File is saved in Excel spreadsheet format for ease of viewing.
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For your convenience, I have saved the answers to the posted questions in an Excel format for your review.
Answers:
(a) Adjusting Entries
Accounts Receivable 600
Service Revenue 600
(Adjustment for accounts receivable)
Insurance Expense 400
Prepaid Insurance 400
(Adjustment for expired ...
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