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The adjusted trial balance of the Victoria Lane Paving Company includes the following balance sheet accounts that frequently require adjustment. For each account, indicate (a)
The adjusted trial balance of the Victoria Lane Paving Company includes the following balance sheet accounts that frequently require adjustment. For each account, indicate (a) the type of adjusting entry (prepaid expenses, unearned revenues, accrued revenues, or accrued expenses) and (b) the related account in the adjusting entry. (a) Balance Sheet Account Type of Adjusting Entry 1. Supplies 2. Accounts Receivable Accrued Revenue Service Revenue 3. Prepaid Insurance Prepaid Expense Insurance Expense Accumulated Depreciation- 4. Equipment 5. Interest Payable 6. Salaries and Wages Payable 7. Unearned Revenue Save for Later (b) Related Account Attempts: 0 of 1 used Submit
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