On December 31, 2010, Adams Company made the following adjusting entries for its annual accounting period: Required
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Required
Prepare whatever reversing entries areappropriate.
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Depreciation Expense 2,400 Accumulated Depreciation To record depreciation on buildings Interest Receivable 2,400 500 Interest Revenue To record interest on note receivable due January 28, 201 Rent Expense 500 400 Prepaid Rent To record expired prepaid rent Interest Expense 400 620 Interest Payable To record interest on note payable due Mah 16, 2011 620
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Related Book For
Intermediate Accounting
ISBN: 978-0324659139
11th edition
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
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