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1 . If the Supplies account had an ending balance of $ 1 , 2 0 0 and the actual count for the remaining supplies
If the Supplies account had an ending balance of $ and the actual count for the remaining supplies was $ at the end of the period, what adjustment would be needed?
If the Prepaid Insurance account had a balance of $ representing one years policy premium, which was paid on July what entry would be needed to adjust the Prepaid Insurance account at the end of December, before preparing the financial statements?
If adjusting entries include these listed accounts, what other account must be in that entry as well? A Depreciation expense; B Unearned Service Revenue; C Prepaid Insurance; D Interest Payable.
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