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Instructions Identify what type of adjusting entry (prepaid expense, uneared revenue, accrued expense, or accrued revenue) is needed in each situation at December 31, 2017
Instructions Identify what type of adjusting entry (prepaid expense, uneared revenue, accrued expense, or accrued revenue) is needed in each situation at December 31, 2017 tries - Devin Wolf Company has the following balances in selected accounts on December 31, 2017 Accounts Receivable S-0- Accumulated Depreciation-Equipment 0 Equipment 7.000 Interest Payable -0- Notes Payable 10.000 Prepaid Insurance 2.100 Salaries and Wages Payable -0- Supplies 2.450 Unearned Service Revenue 30,000 All the accounts have normal balances. The information below has been gathered at December 31, 2017 1. Devin Wolf Company borrowed $10,000 by signing a 9% one-year note on September 1. 2017
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