Journalize adjusting entries and analyze effects

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Journalize adjusting entries and analyze effects

a Prepaid insurance, beginning, $700. Payments for insurance during the period, $2,100. Prepaid insurance, ending $800.

b Interest revenue accrued, $900.

c Unearned service revenue, beginning, $800. Unearned service revenue, ending, $300.

d Depreciation, $6,200.

e Employees" salaires owed for 3 days of a 5-day work week, weekly payroll, $9,000.

f Income before income tax, $20,000. Income tax rate is 40%.

Reference no: EM13536357

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