Adjusting entries stephen king dds opened a dental practice

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Reference no: EM13589688

Adjusting Entries: Stephen King, D.D.S. opened a dental practice on January 1, 2010. During the first month of operations the following transactions occurred: paid one year's rent in advance for $12,000. Collected $500 from a client that had previously charged the amount that was owed for the work done. Purchased a desk on account for $1,000. You are to prepare the missing adjusting entry. For each journal entry write Dr. for debit and Cr. for credit.

Reference no: EM13589688

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