ACC 205 WEEK 2 EXERCISE ASSIGNMENT REVENUE AND EXPENSES(NEW)/Uoptutorial
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h. Office supplies on hand at year-end<br />
2. Analysis of prepaid account balance. The following information relates to Action Sign<br />
Company for 20X2:<br />
Insurance expense<br />
$4,350<br />
Prepaid insurance, December 31, 20X2<br />
1,900<br />
Cash outlays for insurance during 20X2<br />
6,200<br />
Compute the balance in the Prepaid Insurance account on January 1, 20X2.<br />
3. Understanding the closing process. Examine the following list of accounts:<br />
Interest Payable
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