Homework Answers
Correct answer----------(b) Cash expense.
.
Cash expense are not adjusting entries, Cash expense are recorded as and when expense are paid. Adjusting entries are posted at the end of the period ended or to be reported such as at month end, quarter end or year end.
Accrues expense, accrues revenue and prepaid expense are all example of adjusting transactions.
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We have learned about four types of adjustments: (1) prepaid expenses, (2) unearned revenues, (3) accrued expenses, and (4) accrued revenues. Select one specific adjusting entry that falls under one of the four types and post the following: 1. A description of the adjustment and why it is necessary. 2. Provide an example of the transaction; include the debit and credit, with dates and amounts. In order to receive full credit for your post you must reply to another students...
We have learned about four types of adjustments: (1) prepaid expenses, (2) unearned revenues, (3) accrued...
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correct answer 1) Types of adjusting entries include all of the following except: A) Accrued Expenses...
correct answer
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Question 50 Adjusting entries for accrued revenues typically include which of the following related types of...
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We have learned about four types of adjustments: (1) prepaid expenses, (2) unearned revenues, (3) accrued expenses, and (4) accrued revenues. Select one specific adjusting entry that falls under one of the four types and post the following: 1. A description of the adjustment and why it is necessary. 2. Provide an example of the transaction; include the debit and credit, with dates and amounts. In order to receive full credit for your post you must reply to another students...
Classify the following adjusting entries as involving prepaid expenses, unearned revenues, accrued expenses, or accrued revenues. a. To record rent expense incurred but not yet paid. | b. To record cash received from gift card sales. c. To record service revenues performed but not yet billed (nor recorded). d. To record expiration of prepaid rent. e. To record supplies used as supplies expense.
correct answer
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