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Prepare the adjusting entries using the information below : During its first month of operation, Soda Inc. completed the following transactions. Prepare adjusting entries using

Prepare the adjusting entries using the information below : image text in transcribed
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During its first month of operation, Soda Inc. completed the following transactions. Prepare adjusting entries using the following information in the General Journal below. Show your calculations! a) One month's insurance has expired. b) The remaining inventory of soda syrup is $300. c) The estimated depreciation on soda equipment is $120. d) The estimated income taxes are $65

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