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Preparing Adjusting Journal Entries

See attachment.

Crimson Tide Music Academy offers lessons in playing a wide range of musical instruments. The unadjusted trial balance as of December 31, 2012, appears below. December 31 is the company's fiscal year-end.

Required:
Record the necessary adjusting entries on December 31, 2012

Attachments

Solution Summary

This solution illustrates how to prepare various adjusting journal entries.

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