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Mr. Allan Poe operates an advertising business called Ball Advertising. He had the following adjustments for the month of February 2019. Feb 29 Depreciation for
Mr. Allan Poe operates an advertising business called Ball Advertising. He had the following adjustments for the month of February 2019. Feb 29 Depreciation for the month is $1,400. Feb 29 A 30-day contract was started on February 15. The customer will pay $7,790 at the end of the contract in March. Half of the contract was completed by the end of the month. Accrue the revenue earned by the end of February. Feb 29 Recognized $2,200 insurance expense used for the month. Feb 29 Salaries for employees have accrued by $3,360 by the end of the month. Feb 29 An annual magazine subscription was prepaid on February 1, 2019 for $288. By February 29, one issue had been received
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