Carin recorded the $2,500 paid on 1/05/10 for her new very Smart Mobile phone as an expense. The… 1 answer below »

 
   

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Carin recorded the $2,500 paid on 1/05/10 for her new very Smart Mobile phone as an expense.The contract allows unlimited use for 24 months with no more to pay. Record Carin’s adjustingentry if her financial year ended on 31/10/10.