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Identify the Type of Adjustment Necessary (The Type of Item

question 24

Essay

Identify the type of adjustment necessary (the type of item involved)and record the transaction for the event.Make sure to include the ending balances after adjustment.


Definitions:

Unenforceable

A term describing a contract or clause that cannot be legally upheld or compelled by a court.

Writing

The process of using symbols, typically letters of the alphabet, to communicate thoughts and ideas in a readable form.

Court Waive

A judicial decision to relinquish or forego certain legal rights, fees, or penalties, often in the interest of justice or to facilitate legal processes.

Requirement Of Writing

A legal principle that certain types of contracts or agreements must be in writing to be enforceable.

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