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Information necessary to prepare the year - end adjusting entries appears below. The office equipment was purchased in 2 0 2 2 and is being
Information necessary to prepare the yearend adjusting entries appears below.
The office equipment was purchased in and is being depreciated using the straightline method over a year useful life with no residual value.
Accrued salaries at yearend should be $
The company borrowed $ on September The principal is due to be repaid in years. Interest is payable twice a year on each August and February at an annual rate of
The company debits supplies when supplies are purchased. Supplies on hand at yearend cost $
Prepaid rent expired during the period is $
Required:
Prepare the necessary December adjusting entries.
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field. Do not round intermediate calculations.
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