Journalize the six entries to adjust the accounts at December 31. (Hint: One of the accounts was affected by two different adjusting entries).
Definitions:
Congressional Oversight
The review, monitoring, and supervision of federal agencies, programs, activities, and policy implementation by the United States Congress.
Bureaucracy
An organizational structure within a government or private organization consisting of multiple levels and roles, responsible for the administration and execution of policies.
Congress
The national legislative body of the United States, consisting of two houses: the Senate and the House of Representatives.
Executive
A branch of government responsible for implementing and enforcing laws, typically headed by a president or prime minister.
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