Business, 05.02.2020 10:59 thedoragreen
In making adjusting entries at the end of its accounting period, chao consulting failed to record $3,200 of insurance coverage that had expired. this $3,200 cost had been initially debited to the prepaid insurance account. the company also failed to record accrued salaries expense of $2,000. 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 failed to record $3...
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