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In the journal provided,prepare adjusting entries for the following items.Omit explanations.
a. Depreciation on machinery is $940 for the accounting period.
b. Interest incurred on a loan but not paid or recorded is $635.
c. Office supplies of $600 were on hand at the beginning of the period. Purchases of office supplies during the period totaled $200. At the end of the period, $140 in office supplies remained.
d. Commissions amounting to $540 were earned but not recorded or collected by year end.
e. Prepaid Rent had an $8,000 normal balance prior to adjustment. By year end, 50 percent had expired.
f. Federal income taxes for the year are estimated to be $3,250.
Openness To Experience
Openness to experience is a personality trait characterized by a willingness to try new things, be creative, think abstractly, and engage in diverse experiences.
Conscientiousness
A personality trait characterized by being thorough, careful, or vigilant; it implies a desire to do a task well.
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Refers to collections of individuals who interact with one another, share similar characteristics, and collectively have a sense of unity or identity.
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The surgical transfer of a healthy organ from one person (the donor) to another (the recipient) to replace a damaged or missing organ.
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