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Business, 07.04.2020 03:23 kamorex

As of March 31, Macon Company owes $500 to Boswell Co. for equipment rented during March. An entry was not previously recorded for this transaction and the equipment will be returned on April 2. If no adjustment is made for this item at March 31, how will Macon's financial statement be affected?

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As of March 31, Macon Company owes $500 to Boswell Co. for equipment rented during March. An entry w...
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