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Appliance depot sells two - year warranty plans for home repairs paid in cash advance. On January 1 0 of the current 1 0 0

Appliance depot sells two

-

year warranty plans for home repairs paid in cash advance. On January

10

of the current

100

year plans were sold for $

1600

each. What would be the adjusting entry at

12 / 31

if adjustments are made annually?

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