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ABC Company uses the approach that records prepaid expenses as expenses and records unearned revenues as revenues. ABC Companny prepares annual financial statements. Select

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ABC Company uses the approach that records prepaid expenses as expenses and records unearned revenues as revenues. ABC Companny prepares annual financial statements. Select the correct journal entry or adjusting journal entry for each scenario given. The May 2020 phone bill Choose... for $50 was unpaid and unrecorded at May 31, 2020. It will be paid on June 1, 2020. Interest of C P

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