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Record the end of month adjusrting entries for May 2021. a. Originally purchased $600 worth of stationery supplies. end on may $100 of stationery supplies
Record the end of month adjusrting entries for May 2021.
a. Originally purchased $600 worth of stationery supplies. end on may $100 of stationery supplies remained on hand
b. originally paid $2000 for misc suppliws and $1000 of misc supplies remained on hand
c. $2,000 of salaries for May were accrued.
d. Make adjusting entries for one month's depreciation of $3000 equipment using
straight line depreciation
e. paid $5000 for a year of prepaid insurance. one month of prepaid insurance has expired.
f. Record interest for a $10,000 loan. interest is 12% and was paid with a note to be repaid in 12 months.
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