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Gibson Company's adjusted balances at December 31, 2015 (listed alphabetically) were Accounts Payable Equipment Office Expenses Service Revenue 065 830323,040 632,250 2,564,200 Accounts Receivable Income

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Gibson Company's adjusted balances at December 31, 2015 (listed alphabetically) were Accounts Payable Equipment Office Expenses Service Revenue 065 830323,040 632,250 2,564,200 Accounts Receivable Income Tax Expense Prepaid Rent Sup 225,400 10,200 12,200 Accumulated Depreciation- Equipment Income Tax Payable Rent Expense Supplies Expense 18,100 2,030 152,080 42,590 Retained EarningsUneamed Revenue 32,500 Interest Expense 178,000 17,200 Salaries and Wages Expense mon Stock Land Utilities Expense 233.370-_ 1,590,000 25,230 60,000 Notes Payable (long- term) Depreciation Expense 160,000 Gibson prepared, but did not yet post, additional adjusting journal entries (AJEs) for $3,000 of depreciation and $26,200 of income taxes

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