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Problem - prepare the adjusting journal entries

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Problem - Prepare the following adjusting journal entries needed at 12/31/2020:

1. Salaries of $350 are unpaid.

2. Utility expenses of $175 are unpaid.

3. Prepaid rent totaling $500 has expired.

4. Revenue of $1,200 collected in advance has been earned.

5. Supplies of $150 have been used.

6. Interest of $700 has accrued on a note payable.

Reference no: EM132667965

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