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X Company's accountant made adjusting entries at the end of the year to record the following: $16,596 of depreciation, $2,115 of unpaid interest on a
X Company's accountant made adjusting entries at the end of the year to record the following:
- $16,596 of depreciation,
- $2,115 of unpaid interest on a bank loan,
- $585 of wages that were earned by employees but not paid, and
- $1,840 of insurance that expired.
As a result of these entries, total equities decreased by
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