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Prepare adjusting entries dated December 31,2013,based on the following data.
a.A two-year insurance policy costing $6,000 was purchased on October 31,2013.
b.Salaries owed to employees on December 31,2013,amount to $4,600.
c.The balance in Supplies before adjustment is $2,800.A physical count reveals $900 of supplies on hand on December 31,2013.
d.Depreciation on office equipment for the year is $1,869.
Executive Decisions
Executive decisions are high-level decisions made by the executive branch of an organization or government, involving policy-making or strategic direction.
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The process of officially validating or approving scheduled meetings, typically ensuring mutual agreement on the timing and agenda.
State Action
Activities or conduct carried out by government or its officials in the execution of laws and government policies.
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