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Pride Polymers Accounting Transactions

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The following items were selected from among the transactions completed by Pride Polymers during the current year...

1. Journalize the transactions.
2. Journalize the adjusting entry for each of the following accrued expenses at the end of the current year: (a) Product warranty cost, $11,200 (b) Interest of the six remaining notes owed to Shingo Equipment Co.

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Solution Summary

This solution journalizes transactions and adjusting entries