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For each of the following transactions for the Sky Blue Corporation, glve the accounting equation effects of the adjustments required at the end of the
For each of the following transactions for the Sky Blue Corporation, glve the accounting equation effects of the adjustments required at the end of the month on October 31. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) a Collected $2400 rent for the perlod October 1 to December 31, which was credited to Deferred Revenue on October 1. b. Pald $1,200 for a two-year Insurance premium on October 1 and deblted Prepald Insurance for that amount. C. Used a machine purchased on October 1 for $48,000. The company estimates annual depreciation of $4.800. b
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