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. Indicate the effect of each adjusting entry. ( Reminder: Assets = Liabilities + Stockholders Equity; Revenues Expenses = Net Income; and Net Income accounts
Indicate the effect of each adjusting entry. Reminder: Assets Liabilities Stockholders Equity; Revenues Expenses Net Income; and Net Income accounts are closed to Retained Earnings, a part of Stockholders Equity.
Note: Enter negative amounts with a minus sign. Round your final answers to nearest whole dollar value.
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