For the following series of journal entries, indicate whether each is an adjusting entry (ADJ) or a

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For the following series of journal entries, indicate whether each is an adjusting entry (ADJ) or a closing entry (CL).

TYPE OF ENTRY POST REF. (ADJ OR CL) ACCOUNTS DR. CR. Salaries Expense 725 Salaries Payable 725 Service Revenue 4,200 4,2


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Financial Accounting

ISBN: 978-0134436111

4th edition

Authors: Robert Kemp, Jeffrey Waybright

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