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Record the transactions directly in t accounts

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Reference no: EM132770184

Problem 1: Record the transactions directly in T accounts.

(a) Office furniture costing $3,000 with life expectancy of 60 months.

(b) Supplies available $800, supplies on hand $500.

(c) Prepaid Insurance balance $500, one- fifth has expired.

Reference no: EM132770184

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