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A) The Supplies account shows a balance of $1,100. A count of supplies revealed $420 on hand. B) The $1,200 premium relating to a oneyear

A)

The Supplies account shows a balance of $1,100. A count of supplies revealed $420 on hand.

B)

The $1,200 premium relating to a oneyear insurance policy was paid on December 1, 2016.

C) The companys equipment, which was purchased last year, depreciates at a rate of $900 per year.
D)

On September 30, 2016, a customer paid $10,700 in advance for services. Of this amount, 30% was earned as of 12/31/16.

E) Employees are paid $1,000 on Fridays for the 5-day work week, which ends on that Friday. However, December 31, 2016 falls on a Thursday.
F) The company has completed $470 of work for customers; the customers have not yet been billed and the related revenue has not been recorded.

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