Using Accounting Information The following accounts are taken from the income statement of a small manufacturing company.

Question:

Using Accounting Information The following accounts are taken from the income statement of a small manufacturing company. Using the principles of realization and matching, for each account give an example of an adjustment that might be needed to accomplish the proper realization and matching.

a. Interest Income.

b. Supplies Expense.

c. Wages and Salaries Expense.

d. Insurance Expense.

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