Solution-Indicate the type of adjustment

Indicate the type of adjustment

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Reference no: EM132617060

Lucci Company SpA accumulates the following adjustment data at December 31. Indicate

Question (a) the type of adjustment (prepaid expense, accrued revenue, and so on), and

Question (b) the status of accounts before adjustment (overstated or understated).

1. Supplies of €100 are on hand.

2. Services performed but not recorded total €870.

3. Interest of €200 has accumulated on a note payable.

4. Rent collected in advance totaling €560 has been recognized.

Reference no: EM132617060

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Indicate the type of adjustment

Reference no: EM132617060

Reference no: EM132617060

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