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Which of the following transactions will require an adjusting entry for the company listed? A PepsiCo paid $5,000 to rent a forklift truck for
Which of the following transactions will require an adjusting entry for the company listed? A PepsiCo paid $5,000 to rent a forklift truck for one of its plants for 3 months, starting on 11/1/2021. PepsiCo rented the truck for the entire 3-month period. B Penguin Books sold a set of 100 copies of the newest bestseller by Stephen King to Barnes and Noble on 12/26/2021, allowing B&N to pay by 1/10/2022. B&N paid for the books on 1/9/2022. C GM received maintenance services on 12/23/2021 for its fleet of corporate executive cars and paid for this service on 1/9/2022. D On 12/20/2021 Tesla received $20,000 as a deposit by a customer towards purchasing a new Model Z vehicle upon its completion. Telsa finished producing the vehicle on 1/30/2022 and shipped it to the customer and collected the remaining $40,000 of the sales price on this date (1/30/2022).
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