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Make the year end, 12-31-12, general journal adjustments for Mayberry Mold Company. Compa ny only prepare s adjust ments and financi al stateme nts...

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Make the year end, 12-31-12, general journal adjustments for Mayberry Mold Company. Compa ny only prepare s adjust ments and financi al stateme nts once a year on 12-31. Here is this information to make the adjustments: 1. Supplies acct. balance is now 3,110 but an inventory shows on hand…………. . 875.00 2. On 12-1-12 we were paid 2,000 up front for a job we will finish sometime in 2013. On 12-31-12 this job is 85% completed. The orig. collection was credited to unearned rev. 3. For the year, Depreciation on Machinery is 3,200 and on Office Furniture 2,000 4. At 12-31-12 20% of a 15,000 service was completed but can not be invoiced until March, 2013. 5. On 3-1-12 Company paid for a one yr. liab. insurance policy where coverage begins 3-1-12. Paid and Debited to the acct. Prepaid Insurance ……………………………………… 3,150.00 6. Company wages are 9,000 a week, paid weekly on Monday for the previous week worked. Assume Dec 31, 2012 falls on a ……………………………………………………………………. Wednesday 7. During the year
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the company borrowed money from a bank. Interest will be paid 8-06-13 but accrued int @ 12-31-12 is …………………………. . 275.00
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8422576.xlsx

General Journal Adjustments Particulars 1) 2) 3) Supplies Expense Supplies Unearned revenue Revenue earned Depreciation on Machinery Depreciation on Furniture Accumulated Depreciation on Machinery...

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