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Required information [The following information applies to the questions displayed below.] Mobo, a wireless phone carrier, completed its first year of operations on October 31.

image text in transcribed Required information [The following information applies to the questions displayed below.] Mobo, a wireless phone carrier, completed its first year of operations on October 31. All of the year's entries have been recorded, except for the following: a. At year-end, employees earned wages of $7,500, which will be paid on the next payroll date, November 6 . b. At year-end, the company had earned interest revenue of $4,500. It will be collected December 1 . Show the accounting equation effects of each required adjustment. (Enter any decreases to Assets, Liabilities, or Stockholders' :quity with a minus sign.)

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