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The company did not receive a utility bill for the month of Jan, 2020 in time to close their books. The previous two bills
The company did not receive a utility bill for the month of Jan, 2020 in time to close their books. The previous two bills for Nov and Dec 2019 were $37,000 and $35,000, respectively. On Feb. 7, after the month of Jan was closed, they received the bill in the amount of $36,200 payable in 15 days. Provide the J/Es for Jan and February related to these transactions.
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