Acc280 Financial Accounting: E4-5 The adjustments column of the worksheet for Mears Company

Acc280 Financial Accounting
E4-5:
The adjustments column of the worksheet for Mears Company are shown below:
Adjustments
Account Titles Dr Cr
Accounts Receivables 600
Prepaid Insurance 400
Accumulated Depreciation 900
Salaries Payable 500
Service Revenue 600
Salaries Expense 500
Insurance Expense 400
Depreciation Expense 900
Totals 2,400 2,400

Instructions:
a) Prepare the adjusting entries
b) Assuming the adjusted trial balance amount for each account is normal, indicate the financial statement column to which each balance should be extended.
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