Question 2. Prepare adjusting entries dated December 31, 2019, based on the following data. a....
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Question 2. Prepare adjusting entries dated December 31, 2019, based on the following data. a. C. A two-year insurance policy costing $3,000 was purchased on October 31, 2019. b. Salaries owed to employees on December 31, 2019, amount to $2,300. The balance in Supplies before adjustment is $1,400. A physical count reveals $450 of supplies on hand on December 31, 2019. d. Depreciation on office equipment for the year is $1,869. Uneared Service Revenue has a balance of $4,200 before adjustment. Records show that $2,725 of that amount has been earned by December 31, 2019. e. 0.00 Account Debit Credit
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