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Business, 06.10.2019 09:30 gilcarrillo146

Prepare adjusting journal entries, as needed, for the following items. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.) the supplies account shows a balance of $570, but a count of supplies reveals only $200 on hand at year-end. the company initially records the payments of all insurance premiums as prepaid insurance. the unadjusted trial balance at year-end shows a balance of $570 in prepaid insurance. a review of insurance policies reveals that $190 of insurance is unexpired. employees work monday through friday, and salaries of $3,200 per week are paid each friday. the company's year-end falls on tuesday. at year-end, the company received a utility bill for december's electricity usage of $270 that will be paid in early january.

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Prepare adjusting journal entries, as needed, for the following items. (if no entry is required for...

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