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A partial tabular summary of transactions for Skysong, Inc, on March 31, 2022, includes the following accounts before adjustments. An analysis of the accounts shows
A partial tabular summary of transactions for Skysong, Inc, on March 31, 2022, includes the following accounts before adjustments. An analysis of the accounts shows the following 1. Insurance expires at the rate of $240 per month. 2. Supplies on hand total $720. 3. The equipment depreciates $160 per month. 4. During March, services were performed for two-fifths of the unearned service revenue. Prepare a tabular summary to record adjustments for the month of March. Include an explanation for each adjustment. (lf a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, ploce a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Unadj. Bal. Adj. 1 Adj. 2 Adj. 3 Adj. 4 Adj. Bal
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