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Question 3: Journalize Adjusting Entries /10 marks Early Bird Company started their operations at the beginning of 2019. Below are April 1st balances and some

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Question 3: Journalize Adjusting Entries /10 marks Early Bird Company started their operations at the beginning of 2019. Below are April 1st balances and some transactions. Cash 25,000 Supplies 5,000 Prepaid Insurance $ 4,500 Equipment $ 35,000 Unearned Service Revenue $ 9,000 All the above accounts have normal balances. The information below has been gathered on April 30th 1. Only $ 2,500 of Unearned Service Revenue remains unearned by the end of April. 2. A count of supplies on April 30 reveals that $1,500 of supplies are still on hand. 3. An Insurance was purchased on the 1st of April, its coverage began on April 1st. The insurance was for 3 years. a) Journalize the adjusting entries for the month of April. /6 marks Date Account Titles & Explanation Debit Credit

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