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2) Journalize the entries for the following adjustments at July 31 , the end of the accounting period: /8 a. Prepaid insurance expired, $500 b.

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2) Journalize the entries for the following adjustments at July 31 , the end of the accounting period: /8 a. Prepaid insurance expired, $500 b. Unearned service revenue that becomes earned, $2000. c. The unadjusted balance of the Supplies account in $2600. The total cost of supplies remaining on hand in July 31 is $1,500 d. Salary expense is $440 per day - Monday through Friday = and the business pays employees each Friday. This year July 31 falls on a Wednesday

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