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Prepare a Partial Worksheet

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The ledger of Walters Company includes the following unadjusted balances: Prepaid Insurance $3,000, Service Revenue $60,000, and Salaries and Wages Expense $25,000. Adjusting entries are required for (a) expired insurance $1,800; (b) services provided $1,100, but unbilled and uncollected; and (c) accrued salaries payable $900. Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts. Note: You will need to add the following accounts: Accounts Receivable, Salaries Payable, and Insurance Expense.

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Solution Summary

The solution shows, in excel format how to present the worksheet after posting adjusting entries.

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