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I need the journal entries and T accounts for March 10. Specifically the adjustment entries. I'm not sure how to figure out the adjustments. Thank
I need the journal entries and T accounts for March 10. Specifically the adjustment entries. I'm not sure how to figure out the adjustments. Thank you.
6/8 February 8. Paid cash for $52,900 worth of radio advertising on February 1t. This gives you radio advertising space until January 31s, 2020. [Adjusting Entry Required 9. February 13th you collect $366,000 of account payments from customers. March 10. Purchased a parcel of land on March 1, 2019 for $990,000 by paying $450,000 in cash and signing a short-term note payable with the seller for $540,000. You must repay the $540,000 in exactly one year on March 1, 2020. You agree to pay the seller 5 percent interest (annual rate) on a quarterly basis (June 1, September 1, December 1, 2019, and March 1, 2020). Adjusting Entry Required] 11. On March 19th you purchased $ 1,000 of office supplies from Super Office Supplies with cash. Page 5 of 8 9 Step by Step Solution
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