This problem will carry through over several chapters to enable students to build their accounting skills using knowledge gained in previous chapters. In Chapter 5 "Why Is Financial Information Adjusted Prior to the Production of Financial Statements?", Leon Jackson started Webworks, a Web site design and maintenance firm. At that time, an adjusted trial balance was prepared for June. Here are Webworks financial statements as of June 30.
Figure 7.24
Figure 7.25
Figure 7.26 The following events occur during July:
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