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Define types of adjustments applicable to each category

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Question: 1. Why may the financial information in an unadjusted trial balance not be up-to-date and complete?

2. Distinguish between the two categories of adjusting entries, and identify the types of adjustments applicable to each category.

3. What types of accounts does a company debit and credit in a prepaid expense adjusting entry?

Reference no: EM131823870

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