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Determine which of the following events would require (i.e. adjusting entry) at the end of the current one month period. Do not attempt to determine
Determine which of the following events would require (i.e. adjusting entry) at the end of the current one month period. Do not attempt to determine the amount of the adjustment, but DO specify the accounts that would require adjustment and if they would be debited or credited. a. Paid rent for one year in advance. b. Purchased a new delivery vehicle. c. Made a cash sale to a customer. d. Made a sale to a customer on account. e. Purchased $900 of office supplies on open account. f. Received $1,000 cash from a customer for services to be performed four months from now. g. Paid $90 cash for gas to put in the delivery vehicles. h. Borrowed $1, 200 cash from the bank at a 10% interest rate, payments due on the 15^th of each month
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