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The ledger of Buerhle, Inc. on March 31, 2010, includes the following selected accounts before adjusting entries.An analysis of the accounts shows the following:
1. Insurance expires at the rate of $300 per month.
2. Supplies on hand total $900.
3. The office equipment depreciates $500 per month.
4. 2/5 of the unearned revenue was earned in March.
Prepare the adjusting entries for the month of March.
Managerial accounting: a. has its primary emphasis on the future. b. is required by regulatory bodies such as the SEC. c. focuses on the organization as a whole, rather than on the organization's segments. d. Responses a, b, and c are all correct.
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