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The Walt Disney Company has the following adjustments to be made to its balance sheet: Accrued Expenses: $500,000 Deferred Revenue: $300,000 Prepaid Insurance Expired: $100,000

The Walt Disney Company has the following adjustments to be made to its balance sheet:

  • Accrued Expenses: $500,000
  • Deferred Revenue: $300,000
  • Prepaid Insurance Expired: $100,000
  • Additional Common Stock Issued: $1,000,000

Make the necessary adjustments and prepare the adjusted balance sheet.

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