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Facilitate subsequent entries

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Reference no: EM132420461

At the end of 2017, Oriole Company made four adjusting entries for the following items:

1. Depreciation expense, $25900.

2. Expired insurance, $2110 (originally recorded as prepaid insurance.)

3. Interest payable, $5800.

4. Rent receivable, $10800.

In the normal situation, to facilitate subsequent entries, the adjusting entry or entries that may be reversed is (are)

Entry No. 3 only.

Entry No. 4 only.

Entry No. 3 and No. 4.

Entry No. 2, No. 3 and No. 4.

Reference no: EM132420461

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