Office Building 17 Accumulated Depreciation-Office Building LIABILITIES 21 Accounts Payable 22 Notes Payable 23 Unearned Fees 24 Wages Payable 25 Interest Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends Prepare the adjusting entry on December 31. Refer to the Chart of Accounts for exact wording of account titles.
Office Building 17 Accumulated Depreciation-Office Building LIABILITIES 21 Accounts Payable 22 Notes Payable 23 Unearned Fees 24 Wages Payable 25 Interest Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends Prepare the adjusting entry on December 31. Refer to the Chart of Accounts for exact wording of account titles.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Gizmo Inc. purchased a one-year insurance policy on October 1 for $5,520.
Required:
Prepare the |
CHART OF ACCOUNTS | ||||||||||||||||||||||||||||||||||
Gizmo Inc. | ||||||||||||||||||||||||||||||||||
General Ledger | ||||||||||||||||||||||||||||||||||
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Prepare the adjusting entry on December 31. Refer to the Chart of Accounts for exact wording of account titles.

Transcribed Image Text:Instructions Chart of Accounts General Journal
General Journal
Prepare the adjusting entry on December 31. Refer to the Chart of Accounts for exact wording of account titles.
1
2
DATE
DESCRIPTION
JOURNAL
POST. REF.
DEBIT
CREDIT
ACCOUNTING EQUATION
ASSETS
PAGE 1
LIABILITIES
EQUITY
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