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October 31 is the fiscal (financial) year-end for the Spring Hill Ski Complex. From the information below, prepare the adjusting entries with suitable explanations (including

October 31 is the fiscal (financial) year-end for the Spring Hill Ski Complex. From the information below, prepare the adjusting entries with suitable explanations (including any necessary calculations). (a) Amortization on the lodge and restaurant for the current year ending October 31 is $23,600. (b) Salaries owing to employees but not yet paid at year-end are $2,750

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