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Adjusting Entries) The ledger of Duggan Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared.An analysis of the accounts shows the following.1. The equipment depreciates $250 per month.2. One-third of the unearned rent was earned during the quarter.3. Interest of $500 is accrued on the notes payable.4. Supplies on hand total $850.5. Insurance expires at the rate of $300 per month.
Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. Additional accounts are: Depreciation Expense; Insurance Expense; Interest Payable; and SuppliesExpense.
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recording journal entriesat the beginning of the current season on april 1 the ledger of four oaks pro shop showed cash
Particular technique of accounting for product and describe why you consider it to be better than the alternatives.
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