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Prepare general journal entries to record the following information. 1. Office supplies on hand at 30 June total $900 2. The one-year general insurance policy
Prepare general journal entries to record the following information.
1. Office supplies on hand at 30 June total $900
2. The one-year general insurance policy expires on 31 October 2023
3. Equipment has a useful life of 4 years with no residual value. Store furniture and printer have useful life of 5 years with no residual value. Scallion Ltd uses straight-line depreciation for these assets. (Round all depreciation amounts upwards to nearest whole $).
4. Commission revenue of $39 600 has accrued during June
5. Inventory at 30 June is $28 800
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