The ledger of Giovanni Party Decorations Company includes the following unadjusted balances: Prepaid Insurance $4,000, Service Revenue $58,000, and Salaries Expense $25,000. Adjusting entries are required for
(a) expired insurance $1,200;
(b) services provided $900, but unbilled and uncollected; and
(c) accrued salaries payable $800. Enter the unadjusted balancesand adjustments into a work sheet and complete the work sheet for all accounts. (Note: You will need to add the following accounts: Accounts Receivable, Salaries Payable, and Insurance Expense.)
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here