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1) A physical count of supplies shows that supplies available are $2,500 2) At December...

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Accounting

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1) A physical count of supplies shows that supplies available are $2,500 2) At December 31, 2020, salaries incurred but not paid were $11,000 3) A careful analysis shows that 1/4 of unearned service fees were eamed by Dec 31, 2020 4) A client agreed to pay $3,900 for 60-day consulting services. The first day of service started on December 23, 2020, Prepare the necessary adjustments for Mahmood's company. Please follow the example: EXAMPLE: Question: Office equipment has a useful life of 4 years and no salvage value. It was purchased on October, 2019 Depreciation but still not recorded in 2020 Answer: Dr Depreciation expense 7,000 Cr Accumulated Depreciation 7,000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). T. 1! 3 11 A

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