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Prepare any adjusting journal entries needed at december

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Question - On December 31, Capuchin has earned $5,500 of the $12,200 in transaction 4 and has incurred but not recorded $450 of utilities. Capuchin prepares adjusting entries on an annual basis.

Prepare any adjusting journal entries needed at December 31. Assume that the equipment depreciates $14,957 annually.

Reference no: EM132047155

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