The following are selected unadjusted account balances as at December 31, the year end of Joseph's Law Firm: Accounts receivable $50,600 12,600 -0- 456,000 8,200 115,000 Prepaid insurance Salaries payable Service revenue Insurance expense Salaries expense INFORMATION FOR ADJUSTING ENTRY Additional information obtained from a review of the law firm's records show that work completed for clients in December and will be invoiced in January is $9,800.

Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter18: Acquiring Capital For Growth And Development
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The following are selected unadjusted account balances as at December 31, the year end of Joseph's Law Firm:
Accounts receivable $50,600
12,600
-0-
456,000
8,200
115,000
Prepaid insurance
Salaries payable
Service revenue
Insurance expense
Salaries expense
INFORMATION FOR ADJUSTING ENTRY
Additional information obtained from a review of the law firm's records show that work completed for clients in December and
will be invoiced in January is $9,800.
Transcribed Image Text:The following are selected unadjusted account balances as at December 31, the year end of Joseph's Law Firm: Accounts receivable $50,600 12,600 -0- 456,000 8,200 115,000 Prepaid insurance Salaries payable Service revenue Insurance expense Salaries expense INFORMATION FOR ADJUSTING ENTRY Additional information obtained from a review of the law firm's records show that work completed for clients in December and will be invoiced in January is $9,800.
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