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The following information was prepared by Lavish Company's controller to help prepare the December 31, 2023 adjusting entries: 1. 2. The company has earned revenue
The following information was prepared by Lavish Company's controller to help prepare the December 31, 2023 adjusting entries: 1. 2. The company has earned revenue totalling $8,000 that has not been invoiced. The expired portion of prepaid rent is $900. 3. The earned portion of the Unearned Revenue at December 31, 2023 is $3,200. 4. Depreciation expense for the office equipment has been calculated as $10,000. Employees have earned but have not been paid salaries of $3,900. 5. Instructions: Prepare the adjusting entries that Lavish Company should record at the year ended December 31, 2023
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