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Unformatted text preview: Debit Credit 10,125 (3) What adjustment is required to 1,125 9,000 "T" Account Analysis for Asset and Liability Accounts Account Name Wages Payable Debit Credit 0 (3) What adjustment is required to 1,825 1,825 Problem 7-11 Solution-- Lenny’s Wages Payable Adjusting Entry for M See the March tab in the 3-Lenny's Lawn Service.xls workbook Requirement 3-- "T" Account Analysis Supplies (asset account) (1) What is the current balance? adjust from the current balance to the should be balance? (2) What should be the balance? Requirement 4-- "T" Account Analysis (1) What is the current balance? adjust from the current balance to the should be balance? (2) What should be the balance?...
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This note was uploaded on 12/17/2010 for the course ACC 311 taught by Professor Charrier during the Fall '08 term at University of Texas.
- Fall '08