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journalize entry Journalize the adjustments needed for the following transactions in the year ending on 31st December 2019: (1) January 1, an amount of $3600
journalize entry
Journalize the adjustments needed for the following transactions in the year ending on 31st December 2019: (1) January 1, an amount of $3600 paid in advance for service to be received for two years. (2) April 1. a $840 is received from customer for whom service will be rendered for one year in advance. 3) May 1". got 80000 $ as loan from Arab Bank at interest rate of 6% per year. payable after 11 months from the mentioned date st (4)On December 31, the earned profit of investments mounted $ 700 will be received after 3 months. (5) Depreciation of machinery costing $25000 was estimated as 10%Step by Step Solution
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