The document details various adjusting entries for prepaid, accrued, deferred, and unearned revenues and expenses on December 31. It records adjustments for salaries, interest, rent, utilities, retainer's fees, store supplies, and insurance expenses. Amounts are adjusted between asset, liability, income and expense accounts as needed to record revenues and expenses in the appropriate period.
The document details various adjusting entries for prepaid, accrued, deferred, and unearned revenues and expenses on December 31. It records adjustments for salaries, interest, rent, utilities, retainer's fees, store supplies, and insurance expenses. Amounts are adjusted between asset, liability, income and expense accounts as needed to record revenues and expenses in the appropriate period.
The document details various adjusting entries for prepaid, accrued, deferred, and unearned revenues and expenses on December 31. It records adjustments for salaries, interest, rent, utilities, retainer's fees, store supplies, and insurance expenses. Amounts are adjusted between asset, liability, income and expense accounts as needed to record revenues and expenses in the appropriate period.
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