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1. For each December 31 adjusting entry, indicate the account impacted along with the amount and direction (+ or -) of the effects on the
1. For each December 31 adjusting entry, indicate the account impacted along with the amount and direction (+ or -) of the effects on the accounting equation by filling in the following table. The first entry is completed. Adjusting Entry a. Prepaid Insurance b. Supplies c. Accrued Wages d. Accrued Revenue e. Unearned Revenue Assets -$100 Prepaid insurance + B = = = = = Liabilities - + + + + + + Equity -$100 Insurance expense
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