Show which columns would contain the adjusted balances by placing an "x" in the appropriate column. Assume all accounts have normal balances.
Income StatementBalance Sheet
Word Processing Equipment____________________________
M. Bryant, Capital____________________________
M. Bryant, Withdrawals____________________________
Word Processing Fees____________________________
Office Salaries Expense____________________________
10) From the following data, prepare the adjustments for the month and record the appropriate debits and credits in T accounts.
(a) Office furniture costing $3,000 with no residual value has a life expectancy of 60 months.
(b) Supplies available $800, supplies on hand $500.
(c) Prepaid Insurance balance $500, one-fifth has expired.
11) Provide the adjusting entries to account for the differences between the trial balance amounts and the adjusted trial balance amounts for the accounts shown. Only a partial trial balance is provided. Use T accounts to show the adjustments.
Trial BalanceTrial Balance
Debit Credit Debit Credit
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