Guilty & Innocent, a law firm, performed legal services in late December 2012 for clients. The $30,000

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Guilty & Innocent, a law firm, performed legal services in late December 2012 for clients. The

$30,000 of services would be billed to the clients in January 2013. Give the adjusting entry that entry for accrued legal is necessary on December 31, 2012, if financial statements are prepared at the end of each month.

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Financial Accounting A Business Perspective

ISBN: 9781930789791

10th Edition

Authors: Jefferson Williams, Roger Hermanson, James Don Edwards

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