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accountnerd
Nov 7, 2011, 05:28 PM
What would the adjusting entry be for the following:

a) Of the mortgage payable ($147,100), $9800 is to be paid in 2012. Year end is dec 2011
b) Unearned sales revenue of $975 is still unearned - I think there is no entry for this
c) On the sales that were earned, cost of goods sold was $2000.

Please help :)