Prepare reversing entries on January 1, 2012, for the adjusting entries North Company prepared the following adjusting entries at year end on December 31, 2011: (a) Interest Expense 200 Interest Payable 200 (b) Unearned Revenue 1,500 Service Revenue 1,500 (c) Insurance Expense 1,200 Prepaid Insurance 1,200 (d) Interest Receivable 100 Interest Revenue 100 (e) Supplies Expense 250 Supplies 250 (f) Wages Expense 3,000 Wages Payable 3,000 In an effort to minimize errors in recording transactions, North Company utilizes reversing entries. Instructions Prepare reversing entries on January 1, 2012, for the adjusting entries given where appropriate. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help
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