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X Company's accountant made adjusting entries at the end of the period for the following reasons: $2,901 of unpaid interest on a bank loan, $537
X Company's accountant made adjusting entries at the end of the period for the following reasons: $2,901 of unpaid interest on a bank loan, $537 of wages that were earned by employees but not paid, and $1,650 of insurance that expired. As a result of these entries, total equities decreased by.....
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