4. A reversing entry is made for an endof- period adjustment that recorded: a. estimated bad debts...

Question:

4. A reversing entry is made for an endof-

period adjustment that recorded:

a. estimated bad debts for the period.

b. an accrued expense that involves future cash payments.

c. a transfer of an amount from a prepaid expense account to an expense account.

d. the change in merchandise inventory.

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