Question 24 12 pts Prepare the necessary December 31st adjusting journal...
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Prepare the necessary December st adjusting journal entries for Brown Corporation, given the following information:
Brown pays its employees weekly on Fridays. This year, December st falls on a Thursday and Brown's employees earn $ each day.
Brown's books show a supplies balance on December of $ A yearend physical count of supplies on December shows a balance of $
On August Brown purchased a month insurance policy for $
Brown negotiated a oneyear longterm deal with a local university center. Brown is charging the university $ per month for its delivery services. On June st the university prepaid Brown for the full upcoming year through May of the next year paying Brown $ On June st Brown recognized Unearned Revenue of $
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