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Instructions: Prepare all the journal entries necessary to record the transactions noted above as they occurred and any adjusting entries relative to the transactions that

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Instructions: Prepare all the journal entries necessary to record the transactions noted above as they occurred and any adjusting entries relative to the transactions that would be required to present fair financial statements at December 31 . Date each entry. For simplicity, assume that adjusting journal entries are recorded only once a year on December 31

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