Adjusting entries are made to ensure that: (a) expenses are recognized in the period in which they

Question:

Adjusting entries are made to ensure that:

(a) expenses are recognized in the period in which they are incurred.

(b) revenues are recorded in the period in which services are provided.

(c) balance sheet and income statement accounts have correct balances at the end of an accounting period.

(d) All of the above.

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