The following are selected unadjusted account balances as at December 31, the year end of Joseph's Law Firm Accounts receivable Prepaid insurance Salaries payable Service revenue Insurance expense Salaries expense $50,600 12,600 -0- 456,000 8,200 115,000 INFORMATION FOR ADJUSTING ENTRY Additional information obtained from a review of the law firm's records show that work completed for clients ins December and will be invoiced in January is $9,800. Prepare the December 31 adjusting entry required for the item stated above. Prepare the reversing entries required for January 1, 2022. Choose... Choose

The following are selected unadjusted account balances as at December 31, the year end of Joseph's Law Firm Accounts receivable Prepaid insurance Salaries payable Service revenue Insurance expense Salaries expense $50,600 12,600 -0- 456,000 8,200 115,000 INFORMATION FOR ADJUSTING ENTRY Additional information obtained from a review of the law firm's records show that work completed for clients ins December and will be invoiced in January is $9,800. Prepare the December 31 adjusting entry required for the item stated above. Prepare the reversing entries required for January 1, 2022. Choose... Choose

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Description: please dont provide answer in image format thank you The following are selected unadjusted account balances as at December 31, the year end of Joseph's Law Firm:Accounts receivablePrepaid insurance.Salaries payableService revenueInsurance expenseSala

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter6: Accounting For Merchandising Businesses

Section: Chapter Questions

Problem 5PA: The following selected accounts and their current balances appear in the ledger of Clairemont Co....

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