1. Adjusting entries for accrued revenues and accrued expenses are similar in that:

They both involve cash flows after service

They both involve cash flows before service

They both debit temporary accounts

They both credit temporary accounts

2. Courses intended for freshmen at a local university are numbered from 100 to 199, while courses intended for seniors at the same university are numbered from 400 to 499. Which coding system is the university using?

Sequential

Block

Hierarchical

Mnemonic