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Beta Beverages made the following adjustments at the end of the accounting period: Recorded $2,000 in accrued expenses. Depreciated equipment worth $5,000. Wrote off bad
Beta Beverages made the following adjustments at the end of the accounting period:
- Recorded $2,000 in accrued expenses.
- Depreciated equipment worth $5,000.
- Wrote off bad debts amounting to $3,000. Classify each adjustment as an income statement or balance sheet item.
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Introduction to Governmental and Not for Profit Accounting
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
7th edition
9780132776073, 132776014, 978-0132776011
