Business, 05.02.2020 13:49 chloe1107

Exercise 129 the following data relate to the accounts of edmiston company. a. unpaid salaries and wages at year end amount to $750. b. edmiston company owns bonds of another corporation that pay annual interest of $800. these bonds were purchased on april 1, 2017, and the next interest payment will be received on april 1, 2018. c. a two-year insurance policy was purchased on june 1, 2017. the $1,200 insurance premium was paid on that date and was debited to prepaid insurance. d. service revenue was credited for $900 on june 1, 2017. the amount represents a one-year advance payment for services to be performed by edminston company through may 31, 2018. e. the supplies account shows a balance of $2,500 on december 31, 2017. a physical count of the supplies on hand at this date reveals a total of $1,000 available.

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Exercise 129 the following data relate to the accounts of edmiston company. a. unpaid salaries and w...

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