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he following information is available for Allarco Inc. on May 31 for the year just ended. a. A review of the $21,000 unadjusted balance in
he following information is available for Allarco Inc. on May 31 for the year just ended. a. A review of the $21,000 unadjusted balance in the prepaid rent account shows a remaining balance of $18,000 at the end of the year. b. Unpaid and unrecorded salaries at year-end totalled $33,000 c. Unpaid and unrecorded advertising bills at year-end totalled $3,500. d. Of the consulting fees Allarco Inc. received in advance, $500 has been earned e. Allarco Inc. purchased buildings in a previous year for $77,000 and expects to sell these buildings for $17,000 after ten years. Prepare the required adjusting entries at May 31,2023. lecrease. For example, if an account decreases equity, choose '-Equity
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