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ADJUSTING ENTRIES:

1. Salaries in the amount of 51 000 have accrued on Feb. 8


2. Insurance coverage with premiums of 2 000 has expired at month-end.
3. Depreciation on the building and on the equipment for the month amounted to 9 000 and 12 000 respectively.
4. Supplies on hand at month-end amounted to 14 000.
5. A count of the merchandise inventory on Feb. 28 amounted to 397 000.

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