ANSWERS TO QUESTIONS

In fact, an accrued expense on the books of one company is an accrued revenue to another company. ... Dental Equipment 400 Interest Expense 500 Interest Payable 500 4. Insurance Expense ($12,000 X 1/12) 1,000 Prepaid Insurance 1,000 5. ... 600 Unearned Rental Revenue 600 3. Advertising Materials 290 Advertising Expense 290 4. Interest Expense ... ................
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