Center Company Is Completing the Accounting Cycle at the End

question 102

Essay

Center Company is completing the accounting cycle at the end of the annual accounting period,December 31,2019.Adjusting entries have not been made during the year so three adjusting entries must be made at this date to update the accounts.The following accounts,selected from Center Company's chart of accounts,are to be used for this purpose.They are coded to the left of each title for convenient reference.
Indicate the appropriate account code and amount for each of the required adjusting entries at December 31,2019.

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Definitions:

Respected

Admired or held in high regard by others.

Adult Learning Cycle

A model outlining the stages adults go through when learning new skills or knowledge, emphasizing the importance of applying new insights.

Self-Control

The capacity to regulate one's emotions, thoughts, and behavior in the face of temptations and impulses.

Civility

Polite and courteous behavior that respects societal norms and the rights of others.