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Q- Kites were acquired and placed in service on June 2016. The unadjusted trial...

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Accounting

Q- Kites were acquired and placed in service on June 2016.

The unadjusted trial balance shows on Aug 31, 2016 kites $50,000 and the accumulated depreciation kites $12,000.Please prepare the adjustment entries. The company uses the stright line depreciation method.

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