Cortina Company accumulates the following adjustment data at December 31. Indicate (1) the...
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Accounting
Cortina Company accumulates the following adjustment data at December
Indicate the type of adjustment prepaid expense, accrued revenue, and so on and the status of the accounts before adjustment overstated or understatedEnter your answers in alphabetical order.
Type of Adjustment
Item
a Supplies of $ are on hand. Supplies account shows $ balance.
b Services performed but unbilled total $
c Interest of $ has accumulated on a note payable.
d Rent collected in advance totaling $ has been earned.
Accounts Before
Adjustment
Unearned Revenues
Accrued Expenses
Accrued Revenues
Prepaid Expenses
Answer & Explanation
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