Which of the following is NOT a purpose of adjusting journal entries (AJE's) for a...
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Accounting
Which of the following is NOT a purpose of adjusting journal entries (AJE's) for a merchandising company?
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To recognize inventory shrinkage.
To update the book value of long-term assets such as vehicles and buildings.
To update Prepaid Insurance for insurance used up.
To update the Retained Earnings account.
To recognize the portion of revenue earned that was previously unearned.
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You can see the logs in the Dashboard.