(Answered) Question - on december 31 capuchin has earned 5500 of the

Accounting

Question - On December 31, Capuchin has earned $5,500 of the $12,200 in transaction 4 and has incurred but not recorded $450 of utilities. Capuchin prepares adjusting entries on an annual basis.

Prepare any adjusting journal entries needed at December 31. Assume that the equipment depreciates $14,957 annually.

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