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Powers Rental Service had the following items that require adjustment at year end. Earned $9.880 of revenue from the rental of equipment for which the

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Powers Rental Service had the following items that require adjustment at year end. Earned $9.880 of revenue from the rental of equipment for which the customer had not yet paid. Interest of S650 on a note receivable has been earned but not yet received. Prepare the adjusting entries needed at December 31. What is the effect on the financial statements if these adjusting entries are not made

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