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Required:
Prepare a trial balance in proper form for Bukhary enterprise at December 31, 2019.
3. The ledger of Maju Enterprise on January 31, 2020, includes the following selected accounts before adjusting entries.
| Account | Debit | Credit |
| Prepaid Insurance | 2,400 | |
| Supplies | 1,500 | |
| Equipment | 30,000 | |
| Accumulated DepreciationEquipment | | 5,000 |
| Unearned Service Revenue | | 6,000 |
| Salaries Expense | 10,000 | |
An analysis of the accounts shows the following:
1. Insurance expires at the rate of RM 200 per month.
2. Supplies on hand total RM 500.
3. The equipment depreciates RM 150 per month.
4. Half (1/2) of the unearned revenue was earned in January.
Required:
Prepare the adjusting entries for the month of January
Answer & Explanation
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