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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:

Par Value

Refers to the face value of a bond or the stated value of a stock, indicating the amount that will be paid out at maturity or represented in the corporation's documents.

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