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At the end of the current year, the adjusting entries described below are omitted. If the financial statements arc prepared without these adjustments, what would
At the end of the current year, the adjusting entries described below are omitted. If the financial statements arc prepared without these adjustments, what would be the effect? Describe the effect of each individual error by placing the appropriate dollar amount in the table. a. No adjusting entry was made for $2,000 of expired insurance. b. No adjusting entry was made for $3,000 of services that had been provided and billed, but not yet received. c. No adjusting entry was made for $4,000 of depreciation. d. No adjusting entry was made for $1, 000 of utilities expense incurred
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