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On December 31, Nutra Corp made the following adjusting entries. 1. Salaries Expense 24,000 Salaries Payable 24,000 2. Bad Debt Expense 1,500 Allowance for
On December 31, Nutra Corp made the following adjusting entries. 1. Salaries Expense 24,000 Salaries Payable 24,000 2. Bad Debt Expense 1,500 Allowance for Doubtful Accounts 1,500 3. Income Tax Expense 36,000 Income Tax Payable 36,000 4. Depreciation Expense 75,000 Accumulated Depreciation 75,000 Required Prepare reversing entries as of January 1 of next year for items 1 through 4 that are appropriate. Note: If a reversing entry is not required, select No Debit Entry and No Credit Entry as the debit and credit answers and leave the amounts blank (zero). Ref. 1 2 3 4 Account title > > Dr. Cr.
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