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Use the following information: A. Make the December 31 adjusting journal entry for depreciation. B. Determine the net book value (NBV) of the asset on
Use the following information:
A. Make the December 31 adjusting journal entry for depreciation. B. Determine the net book value (NBV) of the asset on December 31.
| T-Account Balance | Correct Balance | ||
| Unearned fee revenue | $12,000 | $9,000 | |
| Supplies | 3,200 | 1,050 | |
| Interest payable | 1,850 | 1975 |
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Financial Accounting And Reporting A Global Perspective
Authors: Herv Stolowy, Yuan Ding
5th Edition
1473740207, 978-1473740204
