Question: During the year prepaid expenses decreased 5 600 and accrued expenses
During the year, prepaid expenses decreased $5,600, and accrued expenses increased $2,400. Indicate how the changes in prepaid expenses and accrued expenses payable should be entered in the reconciling columns of a worksheet. Assume that beginning balances were prepaid expenses $18,600 and accrued expenses payable $8,200.
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