What you’ll learn
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Know what adjusting entries are and how they fit into the accounting process
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How to enter adjusting and reversing entries for accrued interest
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Ho to enter adjusting and reversing entries for accounts receivable or revenue
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How to enter adjusting entries for prepaid insurance
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How to enter adjusting entries for depreciation
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How to enter adjusting and reversing entries for unearned revenue
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How to enter adjusting entry to break out the short-term and long-term portion of loans
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How to create financial statements from an adjusted trial balance



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