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Question 2 The ledger of Company X at March 31, 2017 includes the following: Not yet answered Points out of 100 Account Debit Credit P

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Question 2 The ledger of Company X at March 31, 2017 includes the following: Not yet answered Points out of 100 Account Debit Credit P Flag question Prepaid Insurance $3.648 Supplies 2.843 Equipment 25,140 AD: Equip $8,249 19.990 8,700 Notes payable Unearned Rent Revenue Rent Revenue Salaries and Wages Expense 60,770 14,760 One-third of the uneamed rent was earned as revenue during the quarter. Prepare the adjusting journal entry required at March 31, 2017, assuming adjusting journal entries are prepared quarterly. After the journal entry, present your work for any calculated numbers. For example, the number in the journal entry is $2,900. The work that should appear after the journal entry is $8,700/3 - $2,900. Practice writing the journal entry and showing your work here IB

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