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Home Q & A Board Other Fields Homework Help Business Accounting
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gOOvER gOOvER
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6 years ago
Refer to Table 3-1. Given the following information, prepare the necessary adjusting entries at year end, December 31, 2014, for Danvon Collection Services.

a) A count revealed that $100 of office supplies were still on hand at December 31, 2014.
b) The accountant has determined that the prepaid insurance balance at December 31, 2014, should be in the amount of $450.
c) The equipment is amortized at the rate of $200 per month.
d) The accountant has determined that the unearned service revenue balance at December 31, 2014, should be in the amount of $350.
e) Interest of $200 on the note payable has accrued to the end of the year.
f) Salaries accrued at December 31, 2014, amounted to $650.
g) The accountant has determined that the prepaid rent balance at December 31, 2014, should be in the amount of $100.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
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raovatallpyraovatallpy
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gOOvER Author
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#2
5 years ago
Your help has been outstanding, keep it up!
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3 years ago
THANK YOU
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