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Adjusting Entries (10 points) repare year-end adjusting entries for each of the following: a. Office Supplies has a balance of $168 on January 1. Purchases

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Adjusting Entries (10 points) repare year-end adjusting entries for each of the following: a. Office Supplies has a balance of $168 on January 1. Purchases debited to Office Supplies during the year amount to $830. A year-end inventory reveals supplies of $570 on hand. b. Depreciation of office equipment is estimated to be $4,260 for the year. c. Property taxes for six months, estimated at $1,750, have accrued but have not been recorded. d. Unearned Revenue has a balance of $1,800. Services for $600 received in advance have now been performed. e. Prepare journal entries to record the insurance expense: An examination of the Prepaid Insurance account shows a balance of $10,280 at the end of accounting period, before adjustment. An examination of the insurance policies shows unexpired insurance that cost $4,935 at the end of the period

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