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A Business Hired a Repairman to Overhaul Its Plumbing System

Question 139

Essay

A business hired a repairman to overhaul its plumbing system.The repairman began work on September 15 and intends to complete it on October 15.The business will pay him $4,000 when the work is completed.As of September 30,the work was 50% complete.Provide the adjusting entry to accrue repair expense by the end of September.(Ignore explanation)

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