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At the end of 2020, Drew Company made four adjusting entries for the following items: 1. Depreciation expense, $25,000. 2. Expired insurance, $2,200 (originally recorded

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At the end of 2020, Drew Company made four adjusting entries for the following items: 1. Depreciation expense, $25,000. 2. Expired insurance, $2,200 (originally recorded as prepaid insurance.) 3. Interest payable, 56,000 4. Rent receivable, $10,000, in the normal situation, to facilitate subsequent entries, the adjusting entry or entries that may be reversed is (are) O Entry No. 3 only. O Entry No. 2, No. 3 and No. 4. Entry No. 4 only. Entry No. 3 and No. 4

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