Adjusting Entries and Adjusted Trial Balances

Adjusting Entries and Adjusted Trial Balances

Adjusting Entries and Adjusted Trial Balances

Galloway Company is a small editorial services company owned and operated by Fran Briggs. On July 31, 2014, the end of the current year, Galloway Company’s accounting clerk prepared the unadjusted trial balance shown below.

Galloway Company Unadjusted Trial Balance July 31, 2014
Debit
Balances
Credit
Balances
Cash 4,420


Accounts Receivable 40,140


Prepaid Insurance 7,480


Supplies 2,040

Price: £ 45

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