Exercise 03.14 – Demon Deacons Corporation

Financial Accounting

Spiceland, Thomas, and Herrman

05th Edition and 06th Edition

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Difficulty – Medium

Update account balances for the year-end information by recording any necessary adjusting entries. Rent, Revenue, Salary, Supplies.

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  • Search Terms: $ $, $,, , . a account accounts additional adjusted adjusting adjustments advance amount an any april as at available: balance balances be been beginning below. but by cash common corporation credit customer. deacons debit december deferred demon earnings employees end entries. expense following for from hand have in information is january made necessary no not november october of office on only owed paid payment plus prepaid prepare presented prior provided. purchased receivable recording remains. rent rent, represents required: retained revenue revenue, salaries service services stock supplies supplies, the throughout to trial unadjusted until update will year year, year-end year-end,  
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