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As of December 3 1 , year - end, the following adjusting entry data are provided. Prepaid Rent: Rent is paid every six months upfront,
As of December yearend, the following adjusting entry data are provided.
Prepaid Rent: Rent is paid every six months upfront, and rent is paid through the end of February.
Inventory: A physical count reveals $ worth of inventory and $ worth of supplies remain.
Advertising supplies: You used $ worth of supplies.
Depreciation: The equipment excluding the new fridge has a year useful life and a $ salvage value. The new fridge has a year useful life and a $ salvage value.
Accrued Salaries: Employees earned hours for work done through January st payable on February th
Prepaid insurance: One months worth of insurance has expired.
A cell phone invoice is received for $ The invoice is for services provided during January and is due on February
WHAT WOULD THE ADJUSTED ENTRIES BE
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