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Account Trial Balance Debit Credit 8,300 6,800 Adjusted Trial Balance Debit Credit $ 8,300 6,850 800 4,300 1,000 4,300 1.900

Requirement 1. Make the adjusting entries that account for the differences between the two trial balances. (Record debits fir

The second difference occurs in the Interest Receivable account. Record the adjustment to Interest Receivable and the related

The third difference occurs in the Supplies account. Record the adjustment to Supplies and the related account. Journal Entry

The fourth difference occurs in the Prepaid Insurance account. Record the adjustment to Prepaid Insurance and the related acc

The fifth difference occurs in the Accumulated Depreciation-Building account. Record the adjustment to Accumulated Depreciati

The sixth difference occurs in the Wages Payable account. Record the adjustment to Wages Payable and the related account. Jou

The seventh difference occurs in the Unearned Rental Revenue account. Record the adjustment to Unearned Rental Revenue and th

Requirement 2. Compute Andersons total assets, total liabilities, net income, and total equity Total Assets Total Liabilitie

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Answer #1

Journal Entries Date Account Title and Explaination Debit Credit Post. Ref. 50.00 Accounts Receivable Rent Revenue (To record1,900.00 Depreciation Expense Accumulated Depreciation - building (To record depreciation Expense) 1,900.00 6 850.00 Wages Ex

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