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28 Sep 2019
X Company prepares monthly financial statements. In March, itsaccountant recorded entries as follows:
made an adjusting entry for $1,651 of unpaid interest on a bankloan
recorded $4,172 for wages paid
made an adjusting entry for $596 of wages that were earned byemployees but not paid
made an adjusting entry for $1,350 of insurance that hadexpired
recorded $1,930 that was received from a customer formerchandise that X Company special ordered and agreed to deliver inApril.
As a result of these entries, total equities decreasedby_____?
X Company prepares monthly financial statements. In March, itsaccountant recorded entries as follows:
made an adjusting entry for $1,651 of unpaid interest on a bankloan
recorded $4,172 for wages paid
made an adjusting entry for $596 of wages that were earned byemployees but not paid
made an adjusting entry for $1,350 of insurance that hadexpired
recorded $1,930 that was received from a customer formerchandise that X Company special ordered and agreed to deliver inApril.
As a result of these entries, total equities decreasedby_____?
Trinidad TremblayLv2
28 Sep 2019