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After a physical count of inventory, it was determined that $238,700 of inventory exists at January 31. Based on an analysis of A/R, ABC Company
After a physical count of inventory, it was determined that $238,700 of inventory exists at January 31.
Based on an analysis of A/R, ABC Company anticipates 3% of A/R to be uncollectible.
Buildings were purchased on Dec 1 of the prior year and are depreciated using the straight line method with no salvage value for 30 years. Round to the nearest dollar. ABC Corporation uses the mid-month convention for to calculate depreciation on all fixed assets (round to the nearest month).
i need help with these adjustment journAL ENTRIES
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