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Make journal entries for the typical type of adjustment

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Reference no: EM133006111

Problem 1: Make your own Journal Entries (debits & credits) for the following typical type of adjustments to accounts (use your own numbers):

1) adjust a co's Prepaid Insurance account at year-end
2) recognize an accrued Liability and corresponding Expense at year-end
3) recognize Depreciation Exp at year-end
4) adjust a co's Unearned Revenue account at year-end

Reference no: EM133006111

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