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Make your own Journal Entries (debits & credits) for the following typical type of adjustments to accounts (use your own numbers): 1) adjust a co's
Make your own Journal Entries (debits & credits) for the following typical type of adjustments to accounts (use your own numbers): | ||||||||||
1) adjust a co's Prepaid Insurance account at year-end | ||||||||||
2) recognize an accrued Liability and corresponding Expense at year-end | ||||||||||
3) recognize Depreciation Exp at year-end | ||||||||||
4) adjust a co's Unearned Revenue account at year-end | ||||||||||
Note: include explanations with your adjusting entries, please be specific |
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