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Happy House Bakeshop opened for business on October 1, 2018. During the month of October, the following transactions occurred:
Adjustments:
(a) Earned but unbilled fees at October 31 were $2,500(b) Depreciation for the month was $500(c ) One-twelfth of the insurance expired(d) An inventory count showed $300 of cleaning supplies remaining on October 31(e) Accrued but unpaid employee salaries were $500
Problem 1. Post the October transactions to the general journal.
Problem 2. Post the adjusted transactions to the general journal. Display a separate general journal including the adjusted transactions.
Problem 3. Post T accounts to the general ledger.
Problem 4. Complete the Unadjusted Trial Balance.
Problem 5. Complete the Adjusted Trial Balance.
Problem 6. Explain your experience with completing the assignment with journal entries and the Trial Balance.
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