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Year-End Information: Additional information that may be required for December 31st adjusting entries: I 1. The office furniture was purchased February 1, 2020. It has

Year-End Information: Additional information that may be required for December 31st adjusting entries: I 1. The office furniture was purchased February 1, 2020. It has an estimated useful life of 10 years and the salvage value is $1,190. 2. The computer was purchased July 1, 2020. It has an estimated useful life of four years and no salvage value. 3. The note payable was issued May 1, 2022 at 6% interest. 4. The part-time shipper worked seven days in December and will be paid on January 5, 2017. 5. $1,300 worth of merchandise costing $645 was delivered to Bell Company for partial settlement of the December 4th transaction. This transaction was not recorded. 6. 7. 8. A physical count of office supplies revealed that $640 were on hand. It is estimated that 5% of Accounts Receivable will be uncollectible. 10% of the Note Payable is due May 1, 2017. REQUIRED: You are the accountant and are required to: hp

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