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Jaworskis Ski Store is completing the accounting process for its first year ended December 31, 2018. The transactions during
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Answer #1
Transaction Assets = Liabilities + Stockholder's Equity
a. Office Supplies
( $ 970 (-) $ 160)
($ 810 ) Supplies expenses ($ 810 )
b. Salaries and wages payable $ 4,300 Salariees expenses ($ 4,300)
c. Deferred rent revenue
               (or)
Unearned Rent Revenue
( $ 1,700 x2 months )
($ 3,400 ) Rent revenue $ 3,400
d. Accumulated Depreciation- Equipment ($ 2,600) Depreciation expense ($ 2,600)
e. Prepaid inssurance
( $ 3,240 / 4 )
($ 810) Insurance expenses ($ 810)
f. Accounts receivable $ 810 Repair shop revenue $ 810
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