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The following general ledger accounts are taken from the books of the Hynes Corporation at the end of its fiscal year, December 31, 2016:
Required:
- Label the debit and credit amounts that represent each adjusting entry made at December 31 (for example: a, b, c).
- Prepare the adjusting entries made at December 31 in general journal form. Include general ledger account numbers and plausible descriptions.
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