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Business, 27.10.2021 02:50 07corcum85504

On July 1, Lopez Company paid $1,200 for six months of insurance coverage. No adjustments have been made to the Prepaid Insurance account, and it is now December 31. Zim Company has a Supplies account balance of $5,000 at the beginning of the year. During the year, it purchases $2,000 of supplies. As of December 31, a physical count of supplies shows $800 of supplies available. Prepare the year-end adjusting entries to reflect expira

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On July 1, Lopez Company paid $1,200 for six months of insurance coverage. No adjustments have been...
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