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Unformatted text preview: (4,500) b. Reclassify revenue as unearned revenue (liability) (3,000) c. Reclassify supplies expense as supplies (asset) 2,250 d. Record interest expense of $600 per month (1% of $60,000) (2,400) Net income (adjusted) $82,350...
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This note was uploaded on 02/27/2012 for the course MGMT 200 taught by Professor Greigg during the Spring '08 term at Purdue.
- Spring '08