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adjusting entries The following information was used to prepare adjusting entries for Pums as of August 31, the end of the company's fiscal year. Chart

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The following information was used to prepare adjusting entries for Pums as of August 31, the end of the company's fiscal year. Chart of Account Accounts Receivable Service Revenue Prepaid Insurance Insurance Expense Accumulated Depreciation Depreciation Expense Salary Payable Salary Expense Unearned Revenue Prepare any necessary reversing entries for accounting adjustments a through e assuming Puma uses reversing entries in its accounting system. Paid P125,000 on May 1 for the 10-month insurance that has been debited to an asset account. The expired portion of prepaid insurance is P 75.000 Debit Credit

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