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[YOUR NAME) is running a business. (1) Describe in one complete sentence written in your own words an example of a transaction that [YOUR NAME]

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[YOUR NAME) is running a business. (1) Describe in one complete sentence written in your own words an example of a transaction that [YOUR NAME] Inc. might reasonably engage in that would generate an accrual. (2) Provide the corresponding journal entry to the transaction you described. Do not reuse this example on any other question. Please replace [YOUR NAME] with your given name in your response

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