the following are selected unadjusted account balances as at December 31, the year end of Joseph's Law Firm: Accounts receivable $50,600 Prepaid insurance Salaries payable Service revenue Insurance expense Salaries expense 12,600 -0- 456,000 8,200 115,000 INFORMATION FOR ADJUSTING ENTRY Additional information obtained from a review of the law firm's records show that work completed for clients in December om will be invoiced in January is $9,800. G Prepare the December 31 adjusting entry required for the item stated above. Choose Prepare the reversing entries required for January 1, 2022. Choosk
the following are selected unadjusted account balances as at December 31, the year end of Joseph's Law Firm: Accounts receivable $50,600 Prepaid insurance Salaries payable Service revenue Insurance expense Salaries expense 12,600 -0- 456,000 8,200 115,000 INFORMATION FOR ADJUSTING ENTRY Additional information obtained from a review of the law firm's records show that work completed for clients in December om will be invoiced in January is $9,800. G Prepare the December 31 adjusting entry required for the item stated above. Choose Prepare the reversing entries required for January 1, 2022. Choosk
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following are selected unadjusted account balances as at December 31, the year end of Joseph's Law Firm:
Accounts receivable
Prepaid insurance
Salaries payable
Service revenue
Insurance expense
Salaries expense
$50,600
12,600
-0-
456,000
8,200
115,000
INFORMATION FOR ADJUSTING ENTRY
Additional information obtained from a review of the law firm's records show that work completed for clients in December and
will be invoiced in January is $9,800.
Prepare the December 31 adjusting entry required for the item stated above.
Prepare the reversing entries required for January 1, 2022.
C
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Choose
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