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both pictures are parts of one question Assessing Financial Statement Effects of Transactions and Adjustments Selected accounts of Piotroski Properties, a real estate management firm,

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Assessing Financial Statement Effects of Transactions and Adjustments Selected accounts of Piotroski Properties, a real estate management firm, are shown below as of january 31, before any accounts have been adjusted. Piotroski Properties prepares monthly financial statements. Using the following information, adjust the accounts as necessary on januarry 31 using the fit (a) Prepaid insurance represents a three-year premium paid on January 1. (b) Supplies of $950 were still available on January 31. (c) Office equipment is expected to last eight years (or 96 months). (d) Earlier this month, on January 1, Piotroski collected $5,250 for six months' rent in advance from a tenant renting space for $875 per month. (e) Salaries of $490 have been earned by employees but yet not recorded as of lanuary 31

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