Using the information in M4-5, prepare the adjusting journal entries required on October 31. ...
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Accounting
Using the information in M4-5, prepare the adjusting journal entries required on October 31.
Part II
Debit Deferred Revenue and credit Rent Revenue $800.
Part III
Debit Insurance Expense and credit Prepaid Insurance $50.
Part IV
Debit Depreciation Expense and credit Accumulated Depreciation $400.
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