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Quiz answer please in 15 mints * Required Make monthly adjusting entries for the following: 1. One year insurance 2 points policy $15000 2. Unrecorded

Quiz answer please in 15 mints

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* Required Make monthly adjusting entries for the following: 1. One year insurance 2 points policy $15000 2. Unrecorded service revenue for $2400.* Your answer An adjusting entry to record interest expense incurred by a company is 1 point categorized as a deferral, whereas the adjusting entry to record rent receivable earned by company is categorized as an accrual. " O True False

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