SOLUTION Problem 7-3

SOLUTION Problem 7-3 - 3-Lenny's Lawn Service.xls workbook...

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Problem 7-3 Solution -- Lenny’s Wages Payable Adjusting Entry for M for the Solutions to Problem 7-3 "T" Account Analysis for Asset and Liability Accounts Account Name 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 See the March screen in the
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Unformatted text preview: 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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