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The trial balances before and after adjustment for Matthews Company at the end of its fiscal year are presented on the next page.
MATTHEWS COMPANY
Trial Balance
August 31, 2012
Dr.
Cr.
Cash
10,400
$10,400
Accounts Receivable
8,800
10,800
Supplies
2,300
900
Prepaid Insurance
4,000
2,500
Equipment
14,000
Accumulated Depreciation-Equipment
$ 3,600
$ 4,500
Accounts Payable
5,800
Salaries and Wages Payable
-0-
1,100
Unearned Rent Revenue
1,500
600
Owner's Capital
15,600
Service Revenue
34,000
36,000
Rent Revenue
11,000
11,900
Salaries and Wages Expense
17,000
18,100
Supplies Expense
1,400
Rent Expense
15,000
Insurance Expense
Depreciation Expense
$71,500
$75,500
Instructions
Prepare the adjusting entries that were made.
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