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Duncan company records all prepayments in income statement

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1. Duncan Company records all prepayments in income statement accounts. At April 30, the trial balance shows Supplies Expense $2,800, Service Revenue $9,200, and zero balances in related balance sheet accounts. Prepare the adjusting entries at April 30 assuming 

(a) $1,000 of supplies on hand and 

(b) $3,000 of service revenue should be reported as unearned. 

Reference no: EM131138813

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