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The trial balance of Woods Company includes the following balance sheet accounts. Identify the accounts that might require adjustment. For each account that requires adjustment,
The trial balance of Woods Company includes the following balance sheet accounts. Identify the accounts that might require adjustment. For each account that requires adjustment, indicate (1) the type of adjusting entry and (2) the related account in the adjusting entry. Account (1) Type of Adjustment (2) Related Account (a) Accounts Receivable. (b) Prepaid Insurance. (c) Equipment. (d) Accumulated DepreciationEquipment. (e) Notes Payable. (f) Interest Payable. (g) Unearned Service Revenue.
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