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For each of the following separate situations, determine the amount of...

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Accounting

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For each of the following separate situations, determine the amount of expense each company should recognize in December (using accrual basis accounting). a. Chipotle has monthly wages expense of $4,000 that has been incurred but not paid as of December 31 . b. United Airlines purchases a 24-month insurance policy for $60,000 on December 1 for immediate coverage. c. On December 15 , Pfizer prepays $28,000 for hotel rooms for its January sales meeting

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