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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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