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The following accounts were taken from the unadjusted trial balance of Washington
Co., a congressional lobbying firm. Indicate whether or not each account would normally
require an adjusting entry. If the account normally requires an adjusting entry,
use the following notation to indicate the type of adjustment:
AE—Accrued Expense
AR—Accrued Revenue
PE—Prepaid Expense
UR—Unearned Revenue
To illustrate, the answer for the first account is shown below.
Account Answer
Accounts Receivable Normally requires adjustment (AR).
Cash
Interest Payable
Interest Receivable
Joyce Carns, Capital
Land
Office Equipment
Prepaid Rent
Supplies
Unearned Fees
Wages Expense
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