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Exercise 3-19: Adjusting entries: Additional information: a. Annual depreciation of the equipment; $11,500. b. $12,000 of the Prepaid Insurance balance has expired. c. Unbilled and

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Exercise 3-19: Adjusting entries: Additional information: a. Annual depreciation of the equipment; $11,500. b. $12,000 of the Prepaid Insurance balance has expired. c. Unbilled and unrecorded revenues at year-end totalled $31,000. Required Referring to Exhibit 3.22 , use the information provided to complete the

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