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Question 28 9 pts Doodle, Inc. has its auditors reviewing its accounts at the beginning of 2020 (after the 2019 books have been closed). The

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Question 28 9 pts Doodle, Inc. has its auditors reviewing its accounts at the beginning of 2020 (after the 2019 books have been closed). The auditors have discovered three separate errors. Ignoring income taxes, give the journal entries that Doodle should make at the beginning of 2020 to correct these errors: (1) ending inventory for 2018 was overstated by $14,000, (2) interest revenue of $12,600 that should have been accrued at the end of 2019 was not recorded (this amount has not yet been received in cash), and (3) a piece of equipment with a five-year life was purchased at the beginning of 2018 for $76,000 ($8,000 estimated salvage value), but the accountant inadvertently expensed the entire cost when the asset was purchased. Doodle uses straight-line depreciation for its fixed assets. HTML Editor B 1 0 A A T = = = = = X X = =

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