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J & L Accounting, Inc. Post-Closing Trial Balance

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Question;J & L Accounting, Inc.;Post-Closing Trial;Balance;December 31, 2012;Journal EntriesOn January 1, 2013, a payment in cash for;$12,000;is;made for prepaying rent for the entire year 2013.;b. On January 4, 2013, accounting;services are;performed;and payment is received in cash for;the amount of $1,900.;c. On January 9, 2013, a payment in cash;for;advertising;is made in the amount of $850.;d. On January 10, 2013, office supplies;are purchased;in;the amount of $75 with cash.;e. On January 14, 2013, accounting;services are;performed;and payment is received in cash for;the amount of $2,725.;f. On January 20, 2013, the telephone;bill for the;amount;of $660 is received and paid with cash.;g. On January 20, 2013, the utilities;bill for $2,925 is;received.;The bill won?t be paid until it is due on;February 15, 2013.;h. On January 27, 2013, accounting;services are;performed;on account in the amount of $3,750.;i. On January 28, 2013, a payment in cash;for $1,500;is;made for a bill from an advertising agency.AdjustmentsCalculate and make the adjustment for the;amount;of;pre-paid rent that has been used.b. Make an adjusting journal entry in the;amount;of;$1,000 for depreciation of the vehicles.;c. Make an adjusting journal entry in the;amount;of;$100 for depreciation of the equipment.="language:en-in,margin-top:0pt,margin-bottom:0pt,margin-left:0in,>

 

Paper#37790 | Written in 18-Jul-2015

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