EA13. LO 4.4 Prepare an adjusted trial balance from the following account information, considering theadjustment data provided (assume accounts have normal balances).Accounts payableAccounts receivableAdministrative expense$11,70017,10054,80044,80030,000CashCommon stockPrepaid insuranceService revenue16,00091,000Adjustments needed:Salaries due to administrative employees, but unpaid at period end, $2,000Insurance still unexpired at end of the period, $12,000

Adjusted trial balance is prepared once all the adjusting entries are made in the books. Adjusted…

EA13. LO 4.4 Prepare an adjusted trial balance from the following account information, considering the adjustment data provided (assume accounts have normal balances). Accounts payable Accounts receivable Administrative expense Cash Common stock Prepaid insurance Service revenue $11,700 17,100 54,800 44,800 30,000 16,000 91,000 Adjustments needed: Salaries due to administrative employees, but unpaid at period end, $2,000 Insurance still unexpired at end of the period, $12,000

EA13. LO 4.4 Prepare an adjusted trial balance from the following account information, considering the adjustment data provided (assume accounts have normal balances). Accounts payable Accounts receivable Administrative expense Cash Common stock Prepaid insurance Service revenue $11,700 17,100 54,800 44,800 30,000 16,000 91,000 Adjustments needed: Salaries due to administrative employees, but unpaid at period end, $2,000 Insurance still unexpired at end of the period, $12,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Prepare an adjusted trial balance from the following account information, considering the adjustment data provided (assume accounts have normal balances). Adjustments needed: Salaries due to administrative employees, but unpaid at period end, $2,000 Insurance still unexpired at end of the period, $12,000
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