At the end of 2013, Richards Company prepared a trial balance, recorded and posted its adjusting entries, and then prepared an adjusted trial balance. Selected accounts and account balances from the trial balance and adjusted trial balance are as follows:
Next Level By comparing the partial trial balance to the partial adjusted trial balance, determine the adjusting entries that the company made on December 31, 2013. Prepare your answers in general journal form.
Assuming that the company uses reversing entries, indicate which adjusting entries should be reversed.
This question was answered on: Jul 11, 2017
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