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Welch Company_Journal entries and Adjusting entries

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Question;Selected accounts of Welch Company;are shown below.;Supplies Expense;7/31;766;Supplies;7/1 Bal.;1,458;7/31;766;7/10;218;Accounts Receivable;7/31;552;Salaries and Wages Expense;7/15;1,280;7/31;1,280;Salaries and Wages Payable;7/31;1,280;Unearned Service Revenue;7/31;965;7/1 Bal.;1,671;7/20;1,370;Service Revenue;7/14;2,175;7/31;965;7/31;552;(a);After analyzing the accounts;journalize the July transactions. (Hint: July transactions were for cash.)(Credit account titles are automatically indented;when the amount is entered. Do not indent manually. Record journal entries in;the order presented in the problem.);(b);After analyzing the accounts;journalize the adjusting entries that were made on July 31.(Credit account titles are automatically indented;when the amount is entered. Do not indent manually. Record journal entries in;the order presented in the problem.)

 

Paper#37257 | Written in 18-Jul-2015

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