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ajj3233
ajj3233
19.02.2021 • 
Mathematics

In making adjusting entries at the end of its accounting period, chao consulting mistakenly forgot to record: 1.) 3,700 of insurance coverage that had expired (this $3,700 cost had been initially debited to the prepaid insurance account). 2.) $2,250 of accrued salaries expense. As a result of these two oversights, the financial statements for the reporting period will:

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In making adjusting entries at the end of its accounting period, chao consulting mistakenly forgot

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