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Ellis Company accumulates the following adjustment data at December 31. 1. Fees of $800 collected in advance have been earned. 2. Salaries of $600 are

Ellis Company accumulates the following adjustment data at December 31.

1. Fees of $800 collected in advance have been earned.

2. Salaries of $600 are unpaid.

3. Supplies of $550 have been used.

4. Utility expenses of $200 are unpaid.

5. Depreciation of office equipment is $300.

Instructions: Prepare adjusting entries

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