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QUESTION 11 Not yet answered Marked out of 1.00 Majan company provides hosting services. During January 2012 AlBayan Company held an event at Majan Company.
QUESTION 11 Not yet answered Marked out of 1.00 Majan company provides hosting services. During January 2012 AlBayan Company held an event at Majan Company. The charges related to the event total $212,500, of which 45% has been paid by AlBayan Company. When Majan Company makes the appropriate adjusting entry, which of the following is part of the adjustment made to its January 31, 2012? P Flag question Select one: a. Debit Cash $212,500 b. Two of the choices are correct. O c Credit Expense $116,875 d. Debit Account Receivables $116,875. QUESTION 12 A post-closing trial balance will show Not yet answered Marked out of oo P Flag question Select one a. Only permanent account balances b. Zero balances for all accounts c. The amount of net income (or loss) for the period. d. Only temporary account balances
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