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Fes Company is making adjusting journal entries for the year ended December 3 1 , 2 0 2 1 . In developing information for the

Fes Company is making adjusting journal entries for the year ended December 31,2021. In developing information for the adjusting journal entries, you learned the following:
a. A two-year insurance premium of $8,000 was paid on January 1,2021, for coverage beginning on that date. As of December 31,2021, the unadjusted balances were $8,000 for Prepaid Insurance and $0 for Insurance Expense.
b. At December 31,2021, you obtained the following data relating to supplies.
\table[[Unadjusted balance in Supplies on December 31,$19,000
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