During the year, prepaid expenses decreased $6,600, and accrued expenses increased $2,400. Indicate how the changes in
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During the year, prepaid expenses decreased $6,600, and accrued expenses increased $2,400. Indicate how the changes in prepaid expenses and accrued expenses payable should be entered in the reconciling columns of a worksheet. Assume that beginning balances were:
Prepaid expenses $18,600 and Accrued expenses payable $8,200.
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Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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