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Question

Estimated uncollectible accounts basedon aging accounts receivable$ 3,796.00Accrued interest income80.00Merchandise inventory98,996.13Supplies inventory401.25Jalue of prepaid insurance600.00Annual depreciation expense- equipment7,345.00Accrued interest expense150.00Prepaid rent income earned2,000.00\begin{matrix} \text{Estimated uncollectible accounts based} & \text{}\\ \text{on aging accounts receivable} & \text{\$ 3,796.00}\\ \text{Accrued interest income} & \text{80.00}\\ \text{Merchandise inventory} & \text{98,996.13}\\ \text{Supplies inventory} & \text{401.25}\\ \text{Jalue of prepaid insurance} & \text{600.00}\\ \text{Annual depreciation expense- equipment} & \text{7,345.00}\\ \text{Accrued interest expense} & \text{150.00}\\ \text{Prepaid rent income earned} & \text{2,000.00}\\ \end{matrix}

Post the adjusting entries to the T accounts.

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In this exercise, we are asked to post the adjusting entries to the T accounts.

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