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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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