The ledger of Saddler Company includes the following unadjusted balances: Prepaid Insurance $3,000, Service Revenue $58,000, and Salaries and Wages Expense $25,000. Adjusting entries are required for
(a) Expired insurance $1,800; (b) Services provided $1,100, but unbilled and uncollected; and (c) Accrued salaries payable $800. Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts. Note: You will need to add the following accounts: Accounts Receivable, Salaries and Wages Payable, and Insurance Expense.
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May 2021
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