An accountant made the following adjustments at December 31, the end of the accounting period: a. Prepaid

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An accountant made the following adjustments at December 31, the end of the accounting period:

a. Prepaid insurance, beginning, $700. Payments for insurance during the period, $2,100. Prepaid insurance, ending, $800.

b. Interest revenue accrued, $900.

c. Unearned service revenue, beginning, $800. Unearned service revenue, ending, $300.

Required

Journalize the adjusting entries.

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Financial Accounting

ISBN: 978-0135012840

7th edition

Authors: Walter T. Harrison, Charles T. Horngren

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Question Posted: Aug 04, 2016 10:17 AM

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An accountant made the following adjustments at December 31, the end of the accounting period: a. Prepaid

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a Prepaid insurance Beginning balance 700 Payment this year Bal fig 2200 Ending balance 800 Ex...View the full answer

Financial Accounting

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