Foster Company initially records prepaid and unearned items in income statement accounts. Given Foster Company's practices, what
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a. There are unpaid salaries of $3,000.
b. Unused office supplies of $800 were counted at year-end. There was no beginning balance in office supplies.
c. Earned but unbilled consulting fees of $2,300 were discovered.
d. It was determined that there were unearned fees of $4,200.
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
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