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QUESTION 45 Tuttle Company shows the following transactions for the accounting period ending December 31, 2019. 1) Sold books to customers or $34,000 on account
QUESTION 45 Tuttle Company shows the following transactions for the accounting period ending December 31, 2019. 1) Sold books to customers or $34,000 on account 2) Collected $28,000 from customers 3) Issued common stock for $8,000 cash 4) Prepaid four months' rent for $4,400 on October 1, 2019 5) Purchase supplies for $10,500 cash 6) Physical count shows $3,250 of supplies left over on December 31, 2019 7) Recorded adjustment for prepaid rent used How much is the required adjustment for event number 72 Cash + Accounts Receivable + Prepaid Rent + Supplies - Common Stock + Retained Earnings O a. $4,400 O b. $1,100 O c. $5,500 d. $3,300
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