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Unformatted text preview: property. Amazon expects to be held responsible for an estimated $10,000 in damages. damages 31-May At month end, it was estimated that employees are owed for $13,000 in accrued wages. In addition, $400 was spent on warranty service work. (a) Prepare any initial journal entries necessary to record the above transactions or events. (b) Prepare month-end adjusting journal entries that are deemed appropriate related to the above transactions or events. (c) Prepare the current liability section of the company's balance sheet as of the end of the month. The only obligations are those related to the above transactions or events....
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- Spring '11