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Please be clear about what the answer is only answer if youre positive! x Company prepares monthly finandial statements. The following transactions occurred during January:

Please be clear about what the answer is only answer if youre positive!
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x Company prepares monthly finandial statements. The following transactions occurred during January: 1. On January 1, a one-year store rental lease was signed for a total of $33,600, and rent for the first 4 months was paid in advance. 2. On January 1, equipment was purchased for $60,000 with a downpayment of $6,000 a note for the remainder. The note along with annual interest of 8% was due in a year. The estimated life of the equipment is 10 years with a salvage value of $4,000 3. Daily wages are $1,900 and are paid every Friday. The last day in January was a Monday. 8. The required adjusting entries on January 31 decreased net income by a total of Submit Answer Tries 0/3 9. The required adjusting entries on January 31 decreased total assets by a total of Submit Answer Tries 0/3

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