Question: Adjusting Entries - Practice Question Prepare adjusting entries for Sydney Corporation based on the following information.Sydney's year end is December 31.Sydney Corporation purchased a 2-year

Adjusting Entries - Practice Question Prepare adjusting entries for Sydney Corporation based on the following information.Sydney's year end is December 31".Sydney Corporation purchased a 2-year earthquake insurance policy dated July 1 for $6,000.Sydney Corporation received 7 months of rent revenue amounting to $9,450 from a tenant.Interest of $534 has accrued on notes payable. Make an adjusting entry to record the interest

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