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Assessing Financial Statement Effects of Adjustments L . ?Burnett began Burnett Refinishing Service on July 1 . ?Selected accounts are shown below as of July

Assessing Financial Statement Effects of Adjustments

.

?Burnett began Burnett Refinishing Service on July

1 .

?Selected accounts are shown below as of July

31,

?before any accounting adjustments have been made.

\

table

[[

Prepaid rent,$

11, 040

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