Question: Journalize the adjusting entry needed at December 31 for each situation. Use the Chart of Accounts to review account names! Incurred interest expense of $2,300

Journalize the adjusting entry needed at December 31 for each situation. Use the Chart of Accounts to review account names! Incurred interest expense of $2,300 Date Used prepaid insurance of $4,900 Date Accounts and Explanation Debit Credit Accounts and Explanation Debit Credit Customers were billed for $900 for work completed. Date Accounts and Explanation Debit Credit

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