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Using the list above, identify which type of adjusting entry is being described in the following transactions for Milo Inc 1 Prepaid insurance of $645
Using the list above, identify which type of adjusting entry is being described in the following transactions for Milo Inc 1 Prepaid insurance of $645 has expired. 2. Supplies on hand at the end of the year total $1.525. The unadjusted balance was $2,700. 3. Monthly depreciation on equipment is $500 4. Services of $425 have been provided. This amount was previously received and recorded as unearned revenue 5. Salaries earned by employees for the month of $1,850 have not been paid or recorded. 6. The utility bill for $335 was received on the last day of the month and is unpaid and unrecorded 7. Services performed but not collected in cash or recorded total $895, 8. Interest on a bank loan line of credit of $135 has accrued. 9 Services have now been provided in the amount of $1.745 on a job that totalled $3.000. The total was paid previously by a customer 10. Equipment was purchased for $10,000 and has a useful life of 5 years. The company records its depreciation monthly De 11. Services were performed for $1.295 but the accounting clerk forgot to prepare and send the invoice to the customer until after the end of the month Un Save for later Attempts: 0 of 10
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