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  • Nov 7, 2011, 05:28 PM
    accountnerd
    Mortgage Payable
    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 :)

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