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Calculate the adjusted balance and show the end balance of each account. ACtivity - Using Tccounts 'to Analyze Adjustments Fill in 'the t-aCcouhts for each
Calculate the adjusted balance and show the end balance of each account.
ACtivity - Using Tccounts 'to Analyze Adjustments Fill in 'the t-aCcouhts for each situation and label each transaction as Deferrals/Prepaid or Accrt Used prepaid insurance of $1 ,480. The Prepaid' Insurance unadjusted balance as of December 31 is l, 1 ,300, Adjustment Type Insurance Expense Prepaid Insurance Used office supplies of $570. The Office Supplies unadjusted balance on December 31 is $9,000, Adjustment Type: Deferrals/Prpaids. Supplies Expense Office Supplies Customers were billed for $1 100 forwprk completed, The Service Revenue unadjusted balance as of December 31 is $7,500. Adjustment Type: ) Accounts Receivable muu Service Revenue
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