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You are preparing the year-end adjusting entries for a business using the following information. The business year-end is November 30. For each adjusting entry, select

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You are preparing the year-end adjusting entries for a business using the following information. The business year-end is November 30. For each adjusting entry, select the accounts are debited and credited using drop-down menus. Calculate the dollar amount recorded for each adjusting entry. A. Seven people are employed by a business. They are paid $4,200 per seven-day work week. The employees were last paid on Friday, November 25 (Saturday to Friday) and will be next paid on December 9. For the adjusting entry, you would debit and credit e for what dollar amount (nearest dollar without dollar sign ($) or comma, e.g. 15000); B. A business borrowed $90,000 from a bank on June 1 of the current year, signing a 6%, one-year promissory note. Interest paid on monthly on the first day of the month. Principal will be paid on maturity. For the resulting adjusting entry, you would debit and credit for what dollar amount (nearest dollar without dollar sign ($) or comma, e.g. 15000): C. Paid $3.780 on March 1 for a one-year insurance policy whose coverage starts on that day. For the adjusting entry, you would debit and for what dollar amount (nearest dollar without dollar sign ($) or comma e.g. 15000)

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