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1. The amount of depreciation is $200. 2. Insurance expired $405. 3. Income tax expense was $290. It was unpaid at December 31 . Journalize
1. The amount of depreciation is $200. 2. Insurance expired $405. 3. Income tax expense was $290. It was unpaid at December 31 . Journalize the adjusting entries resulting from the bank reconciliation and adjustment data. (Credit account titles are qutomatically indented when amount is entered. Do not indent manually.t During December, the company completed the following transactions: Dec 7 Received $3,640 cash from customers in payment of account (no discount allowed). 12 Purchased merchandise on account from Green Co. $12,800, terms 1/10,n/30, 17 Sold merchandise on account $15,600, terms 2/10,n/30. The cost of the merchandise sold was $10,200. 19 Paid salaries \$2,030. 22 Paid Green Co, in full, less discount. 26 Received collections in full, less discounts, from customers billed on December 17. 31. Received $2.650 cash from customers in payment of account (no discount allowed)
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