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).
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TYPE OF ENTRY POST REF. (ADJ OR CL) ACCOUNTS DR. CR. Salaries Expense 725 Salaries Payable 725 Service Revenue 4,200 4,200 Retained Earnings 1,500 Retained Earnings Dividends 1,500 Unearned Revenue 940 Service Revenue 940
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Type of Entry ADJ or CL ACCOUNTS Dr Cr POST R...View the full answer
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