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Adjusting items: 1. The prepaid rent covers December 2016 & January 2017 rents. 2. December depreciation on equipment is $12,000 per month. 3. At year
Adjusting items:
1. The prepaid rent covers December 2016 & January 2017 rents.
2. December depreciation on equipment is $12,000 per month.
3. At year end Wages of $10,300 were earned but unpaid.
Bravo prepares monthly adjusting entries. Use this information to determine the adjusted account balance for the following:
1. Cash
2. Prepaid rent
3. Equipment
4. Accumulated depreciation
5. Wages Payable
6. Rent expense
7. Wages expense
8. Depreciation
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