The account balances before and after the adjusting entries have been made are presented below for a
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Balance before adjusting entry $250,000 Balance after adjusting entry Account a. Accumulated depreciation b. Deposits from customers c. Interest receivable d. Interest payable e. Prepaid insurance f. Supplies inventory g. Utilities payable $320,000 15,000 4,000 5,000 10,000 16,000 9,000 20,000 16,000 30,000
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a Dr Depreciation Expense 70000 Expense owners equity Cr Accumulated Depreciation 70000 Contraasset ...View the full answer
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