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00 3aveu Required Each of the following independent events requires a year-end adjusting entry. Show how each event and its relates affect the accounting equation.

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00 3aveu Required Each of the following independent events requires a year-end adjusting entry. Show how each event and its relates affect the accounting equation. Assume a December 31 closing date. The first event is recorded as an example. (D intermediate calculations & Round your final answer to nearest whole dollar.) a. Paid $5,100 cash in advance on October 1 for a one-year insurance policy. b. Received an $3,900 cash advance for a contract to provide services in the future. The contract required a one-ye starting April 1. c. Purchased $1,350 of supplies on account. At year's end, $190 of supplies remained on hand. d. Paid $9,960 cash in advance on August 1 for a one-year lease on office space. ints Skipped eBook References The Accounting Equation Total Assets Stockholders' Equity Event/ Liabilities Common Stock Retained Adjustment: Cash Other Assets Earnings (5,100)+ 5,100- a. a. Adj. (1,275)= (1,275) %3D +] b. b. Adj. +. C. C. Adj. d. d. Adj

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