Journalize and post the following adjusting entries for March: 1. 1/12th of the insurance policy expired....

Journalize and post the following adjusting entries for March:

1. 1/12th of the insurance policy expired.

2. Equipment is depreciated at 1/10th of cost with no salvage value.

3. 36 coupon books were redeemed by customers during the month.

4. Accrued salaries are $2,230

Expert Solution

ekkarill92 answered 2 years ago

Why is it necessary to journalize and post adjusting entries?

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