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The following partial list of accounts and account balances has been taken from the trial balance and the adjusted trial balance of Baye Compan Accumulated Depreciation Allowance for Doubtful Accounts Income Taxes Payable Interest Payable Prepaid Insurance Salaries Payable Unearned Rent Trial Balance (Debit) $350 (Credit) $5,000 400 0 0 900 0 Adjusted Trial Balance (Debit) (Credit) $6,200 650 2,250 320 $120 720 300 Required: Next Level Prepare the adjusting entry that caused the change in each account balance.

The following partial list of accounts and account balances has been taken from the trial balance and the adjusted trial balance of Baye Compan Accumulated Depreciation Allowance for Doubtful Accounts Income Taxes Payable Interest Payable Prepaid Insurance Salaries Payable Unearned Rent Trial Balance (Debit) $350 (Credit) $5,000 400 0 0 900 0 Adjusted Trial Balance (Debit) (Credit) $6,200 650 2,250 320 $120 720 300 Required: Next Level Prepare the adjusting entry that caused the change in each account balance.

FINANCIAL ACCOUNTING
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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The following partial list of accounts and account balances has been taken from the trial balance and the adjusted trial balance of Baye Company: Accumulated Depreciation Allowance for Doubtful Accounts Income Taxes Payable Interest Payable Prepaid Insurance Salaries Payable Unearned Rent Trial Balance (Debit) $350 (Credit) $5,000 400 0 900 0 0 Adjusted Trial Balance (Debit) (Credit) $6,200 650 2,250 320 $120 720 300 Required: Next Level Prepare the adjusting entry that caused the change in each account balance.
Transcribed Image Text:The following partial list of accounts and account balances has been taken from the trial balance and the adjusted trial balance of Baye Company: Accumulated Depreciation Allowance for Doubtful Accounts Income Taxes Payable Interest Payable Prepaid Insurance Salaries Payable Unearned Rent Trial Balance (Debit) $350 (Credit) $5,000 400 0 900 0 0 Adjusted Trial Balance (Debit) (Credit) $6,200 650 2,250 320 $120 720 300 Required: Next Level Prepare the adjusting entry that caused the change in each account balance.
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