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Shamrock Corporation encounters the following situations. Identify what type of adjusting entry ( prepaid expense, unearned revenue, accrued expense, or accrued revenue ) is needed
Shamrock Corporation encounters the following situations.
Identify what type of adjusting entry prepaid expense, unearned revenue, accrued expense, or accrued revenue is needed in each situation at December
Shamrock collects $ from a customer in for services to be performed in
Shamrock incurs utility expense which is not yet paid in cash or recorded.
Shamrock's employees worked days in but will not be paid until
Shamrock performs services for customers but has not yet received cash or recorded the transaction.
Shamrock paid $ rent on December for the months starting December
Shamrock received cash for future services and recorded a liability until the service was performed.
Shamrock performed consulting services for a client in December On December it had not billed the client for servic
Shamrock paid cash for an expense and recorded an asset intil the item was used up
Shamrock purchased $ of supplies in ; at yearend, $ of supplies remain unused.
Shamrock purchased equipment on January ; the equipinent will be used for years.
Shamrock borrowed $ on October signing an year note payable. Both the interest and the note will be pai
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