The ledger of clayton company

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Reference no: EM13942297

The ledger of Clayton Company includes the following unadjusted balances: Prepaid Insurance $3,000, Service Revenue $58,000, and Salaries and Wages Expense $25,000. Adjusting entries are required for

(a) expired insurance $2,000;

(b) services performed $1,900, but unbilled and uncollected, and

(c) accrued salaries payable $900. Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts.

Reference no: EM13942297

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