Prepare the necessary adjusting entries on December 31, 2013, based on the following unadjusted and adjusted trial balances.
Definitions:
Publicly Traded Corporation
A company whose shares are available for purchase by the public on a stock exchange.
Sensitive Materials
Information or items that need to be handled with care due to their confidential, dangerous, or delicate nature.
Audit
The examination and verification of a company's financial records by an independent party to ensure accuracy and compliance with accounting standards.
Scienter
The knowledge or intent to deceive, manipulate, or defraud in legal contexts.
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