Chapter 2 Activity2

Chapter 2 Activity2 - Credits Cash $ 30,000 Accounts...

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Chapter 2 Additional Exercise Pastina Company manufactures and sells various types of pasta to grocery chains as private label brands. The company's fiscal year-end is December 31. The unadjusted trial balance and year-end adjusting entries as of December 31, 2009 appears below.
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Account Title Debits
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Unformatted text preview: Credits Cash $ 30,000 Accounts receivable 40,000 Allowance for uncollectible accounts $ 3,000 Supplies 1,500 Inventory 60,000 Note receivable 20,000 Interest receivable 0 Prepaid rent 2,000 Prepaid insurance 0 Equipment 80,000 Accumulated depreciation—equipment 30,000 Accounts payable...
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Chapter 2 Activity2 - Credits Cash $ 30,000 Accounts...

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