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5 1 points Save Answer On January 1, Al Dana Company paid $25,600 to Capital, Inc. for 24-month management service. Assuming adjustments are only made
5 1 points Save Answer On January 1, Al Dana Company paid $25,600 to Capital, Inc. for 24-month management service. Assuming adjustments are only made at year- end, what is the adjusting entry that should be recorded by Al Dana Company on December 31 for the first year? debit Management service expense, $12,800; credit Prepaid expense, $12,800 debit Unearned fees, $25, 600; credit Fees earned, $25,600 debit Prepaid expense, $25,600; credit Cash, $25,600 debit Management service expense, $12,800; credit Account payable, $12,800 1 points Save Answer Question 4 The adjusting entry at the end of an accounting period to record the unpaid salaries of employees for work provided will include: Debit Salaries Revenue Debit Salaries Receivable Credit Salaries Expense Credit Salaries Payable
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