The unadjusted trial balance for Amazon as of December 31, 2022 appears below.DebitCreditCash$1,200Accounts Receivable900Prepaid Insurance900Supplies2,000Land10,000Office...
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Accounting
The unadjusted trial balance for Amazon as of December 31, 2022 appears below.
Debit
Credit
Cash
$1,200
Accounts Receivable
900
Prepaid Insurance
900
Supplies
2,000
Land
10,000
Office Furniture
4,500
Accounts Payable
900
Unearned Revenue
1,500
Note Payable
5,500
Common Stock
3,000
Retained Earnings
7,400
Dividends
1,100
Service Revenues
4,100
Rent Expense
600
Salaries Expense
1,200
$22,400
$22,400
Additional Information:
The Company paid $900 for a one-year insurance policy on July 1, 2022.
The note payable represents a 8 month, 8% loan obtained from The Bank & Trust on October 1, 2022.
Prepare adjustment entries.
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