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Prepare the appropriate reversing entry

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Reference no: EM132722220

Problem - Pinto Company made the following adjusting entries at the end of the year. It is Pinto's fifth year in operation. Prepare the appropriate reversing entry(ies).

Depreciation Expense-Delivery Equipment

500.00

Accumulated Depreciation-Delivery Equipment

500.00

Interest Expense

1,000.00

Interest Payable

1,000.00

Reference no: EM132722220

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