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PART III. (25 Points)- Resolve the following exercise: La Carreta Company accumulates the following adjustment data at December 31. Revenue of $1,600 collected in advance
PART III. (25 Points)- Resolve the following exercise: La Carreta Company accumulates the following adjustment data at December 31. Revenue of $1,600 collected in advance has been recognized. (used as an example) Salaries of $600 are unpaid. Prepaid rent totaling $500 has expired. Supplies of $450 have been used. Revenue recognized but unbilled total $750. Utility expenses of $250 are unpaid. Interest of $300 has accrued on a note payable
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