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The ledger of Witzling, Inc. on March 31, 2012, includes the following selected accounts before adjusting entries.
An analysis of the accounts shows the following:
1. Insurance expires at the rate of $300 per month.2. Supplies on hand total $900.3. The office equipment depreciates $200 per month.4. 2/5 of the unearned service revenue was earned in March.
Prepare the adjusting entries for the month of March.
1. The type of business organization that can continue indefinitely is known as a: 2. The purpose of the accounting process is to provide financial information about:
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