The Following Are Amounts from the Accounting Records of Farley

question 98

Essay

The following are amounts from the accounting records of Farley Company before adjusting entries have been for the year ending December 31, 2010. The following adjustments have not been made as of December 31, 2010:
1. Wages accrued on 12/31/10 amounts to $1,100.
2. Three months' interest on the note payable has not been paid or recognized.
3. Depreciation for 2010 amounts to $3,000.
4. Supplies on hand at 12/31/10 amounts to $700.
Prepare Farley's balance sheet at December 31, 2010 after the adjusting process is completed. Omit the heading.

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Definitions:

DNA Sequencing

Procedure by which the sequence of nucleotides in DNA is determined.

Sanger

Refers to a method developed by Frederick Sanger for determining the sequence of nucleotide bases in DNA.

RNA Interference

A biological mechanism where RNA molecules suppress gene expression or translation by neutralizing specific mRNA molecules.

Protein-Coding Gene

A gene that contains the instructions for synthesizing a protein, with its sequence of nucleotides determining the sequence of amino acids in the protein.