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Melo Save Exit Suoma On April 1. Garcia Publishing Company received $32.580 from OtscoIncorporated for 36-month subscriptions to several different magazines. The company credited Uscared

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Melo Save Exit Suoma On April 1. Garcia Publishing Company received $32.580 from OtscoIncorporated for 36-month subscriptions to several different magazines. The company credited Uscared Revenue for the amount received and the subscriptions started immediately. Assuming adjustments are only made at year end, who is the adjusting entry that should be recorded by Garcia Publishing Company on December 21 of the first yew? Multiple Choice ne veut 52427 cod 524435 dobtained ve 25 de beamed Revenue 2250 banana Revo de Red On December 1, Milton Company borrowed $350,000 at 6% annual interest, from the Tennessee National Bank. Interest is paid when the loan matures one year rom the issue date. What is the adjusting entry for accruing interest thot Milton would need to make on December 31, the calendar year end? Millip chose debt interest Expense $3.500 credit interest Pooble $3.500 O debiteren Vayotle $1750. credit Interest Expense. $0750 obt litet aperte 524000 edit verrustPayit 21000 bitterett Expense, 5050, credit trout Payobie 51350 Set interest Expense 1750, credt Cash 100 Wher Save The adjusting entry to record an accrued revenue is: Multiple Choice Increase an expense, calability Increase an essencia Dease alty caserov Van expense de increase an expecte decat Which of the following statements is incorrect Multiple Choice An unadjusted trial balance is a stof accounts and balances prepared before adjustments are recorded An adjusted trial balance is a list of accounts and balances prepared after adjusting entries have been recorded and posted to the ledger Each trial balance amount is used in preparing the financial Statements Financial statements can be prepared directly from information in the unadjusted trial balance Financial statements can be prepared directly from information in tiedusted tral balonce

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