X companys accountant made adjusting entries at the end of, Ask an Expert

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X Company's accountant made adjusting entries at the end of the period for the following reasons:

$1,157 of unpaid interest on a bank loan,

$586 of wages that were earned by employees but not paid, and

$1,490 of insurance that expired.

As a result of these entries, total equities decreased by_____

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91623068

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