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Prepare adjusting entries for the following transactions. Omit explanations.
1. Unrecorded interest accrued on savings bonds is $200.
2. Property taxes incurred but not paid or recorded amount to $900.
3. Salaries incurred by year end but not yet paid or recorded amounted to $600.
Discontinuing
The process of ending the production and sales of a product line, business segment, or an entire business.
Differential Effect
The financial impact of choosing one option over another in decision-making processes.
Residual Value
The estimated value that an asset will have at the end of its useful life.
Book Value
The value of an asset as recorded on the balance sheet, calculated as the cost of the asset minus accumulated depreciation.
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