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Kingbird inc credited for the full $27360. Financial statements will be prepared on July 31 . Kingbird's should make the following adjusting entry on July
Kingbird inc 
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Steinbart Romney B.
9th International Edition
0470409460, 978-0470409466
