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Each of the following transactions for Morrison company requiers an adjusting entry, which if omitted, will overstate or ur the end of period adjusting entry
Each of the following transactions for Morrison company requiers an adjusting entry, which if omitted, will overstate or ur the end of period adjusting entry suggested by the transaction was omitted. Please place results in the following the transactions leaving the input box blank. 1. Morrison purchased supplies on December 1 for 900. On December 31 $700 of supplies were on hand. 2. Prepaid insurance had a debit balance of $5,400 on December 1, which represented a payment for 3 years of ins 3.the unearned rent revenue account has a credit balance of $480.00 on december 1, which represents 3 months rent Transaction Assets Liablities Stockholders 1. 2. 3
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