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Why is this adjusting journal entry prepared? What is the scenario that created this adjusting...

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Accounting

Why is this adjusting journal entry prepared? What is the scenario that created this adjusting entry and why is there an adjustment needed?

1) Record depreciation expense 2) Adjust for supplies usage 3) Adjust prepaid insurance 4) Accrue wages earned but not yet paid 5) Unearned revenue 6) Interest payable

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