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Complete the appropriate adjusting journal entries for Stance Company on December 31, 2015. 1. Depreciation expense for equipment was $30,000. 2. On November 1, 2015

Complete the appropriate adjusting journal entries for Stance Company on December 31, 2015.

1. Depreciation expense for equipment was $30,000.

2. On November 1, 2015 the company purchased 6 months of insurance for $3,600. Record the entry for the amount of insurance used.

3. The company pays semiannual interest on $100,000 6% bonds on February 28th and August 31st.

4. A customer paid $3,000 on June 1st for one year of consulting services.

5. At the start of the year, the supply account balance was $2,500 and during the year, $13,000 supplies were purchased. At the end of the year a physical account showed that $4,000 of supplies were still on hand.

6. The company provided $1,800 of services which were going to be billed next year.

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