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Debit Accounts Receivable Credit Accounts Receivable Question 13 475 pts On 1/1. Student Union Corporation purchased a building for $100,000 by signing a 10-year note
Debit Accounts Receivable Credit Accounts Receivable Question 13 475 pts On 1/1. Student Union Corporation purchased a building for $100,000 by signing a 10-year note payable. If Student Union Corp uses straight line depreciation to calculate depreciation expense and the building has a useful of 10 years, what account is debited and what account is credited in the adjusting journal entry required on 12/31 before the financial statements are prepared? (Select ALL that apply Debit Building Credit Building Debit Depreciation Expense Credit Depreciation Expense Debit Accumulated Depreciation m Credit Accumulated Depreciation Debit Notes Payable Credit Notes Payable Debit Notes Receivable Credit Notes Receivable 4.75 pts Question 14 Setup your Based on the Unadjusted Trial Balance below, which accounts might need adjusting entries at the end of the accounting period to prepare to build the francial statements (Select ALL that applyl. Unadjusted Trial Balance
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