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3 On October 1, 2019 Company HEW paid $2,400 for their four month insurance policy. Prepare the October 31, 2019 journal entry, regarding insurance. 4
3 | On October 1, 2019 Company HEW paid $2,400 for | |||||
their four month insurance policy. | ||||||
Prepare the October 31, 2019 journal entry, regarding | ||||||
insurance. | ||||||
4 | Assume that Company EFG forgot to prepare the | |||||
adjusting journal entry for supplies | ||||||
Explain what is wrong with the company's | ||||||
Balance Sheet | ||||||
Income Statement | ||||||
5 | Explain the meaning/purpose of the following accounts: | |||||
Accounts Receivable | ||||||
Unearned Revenue |
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