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X Company's accountant made adjusting entries at the end of the year to record the...

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Accounting

X Company's accountant made adjusting entries at the end of the year to record the following:

  1. $16,596 of depreciation,
  2. $2,115 of unpaid interest on a bank loan,
  3. $585 of wages that were earned by employees but not paid, and
  4. $1,840 of insurance that expired.

As a result of these entries, total equities decreased by

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