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Adjusting Entries are required at the end of the period to ensure that accrual accounting principles are applied.The building that houses the business is depreciated at an annual rate of $14,000. Develop the adjusting entry for year end.Name the accounts impacted and how using the format account name/debit or credit/dollar amount and explain how the Accounting Equation is impacted.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9954340

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