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The following transactions and events took place at The Prescott Company during its recent calendar-year reporting period. Prescott does not use reversing entries. Complete the

The following transactions and events took place at The Prescott Company during its recent calendar-year reporting period. Prescott does not use reversing entries. Complete the accounting entries or calculations as requested.

1.On Oct 12, Prescott arranged with a supplier to replace Prescott

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