From the trial balance and the additional information provided, record the adjusting entries in the...
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Accounting
From the trial balance and the additional information provided, record the adjusting entries in the journal and prepare an interim statement of profit or loss for three months ending July 31st, 2023. (a) One months worth of the prepaid rent is to be recognized as expense, $1,000. (b) One months worth of prepaid insurance is to be recognized as expense, $150
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