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Service Mack adjusts its accounts at the end of the month. On November 30, adjusting entries are prepared: Depreciation expense for November Interest expense that
Service Mack adjusts its accounts at the end of the month. On November 30, adjusting entries are prepared:
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Depreciation expense for November
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Interest expense that has accrued during November
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Revenue earned during November that has not yet been billed to customers
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Salaries, payable to company employees that have accrued since the last payday in
November
Adjusting entry | Revenue | Expenses | Net Income | Assets | Liabilities | Owners equity |
a |
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b |
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c |
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d |
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