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The following are selected balances before adjustment at December 31, 2020: I. Journalize the year end adjustments using the information below: 1. Supplies on hand

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The following are selected balances before adjustment at December 31, 2020: I. Journalize the year end adjustments using the information below: 1. Supplies on hand at December 31,$550. 2. The equipment has a useful life of 10 years and is depreciated on a straightline basis with no residual value. 3. Twelve months of rent was prepaid on July 1. 4. Wages are paid weelky on Friday. Wages to be paid on January 2 are $2,500 for the 5-day workweek. 5. Of the unearned fees, 65% was earned as of December 31 . 6. Unbilled fees for services performed as of December 31 were $7,200

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