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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
6

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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