Question
1.Which of the following accounts will never require an adjusting entry? a.Fees Earned b.Salaries Expense c.Cash d.Salaries Payable 2.All of the following are types of
1.Which of the following accounts will never require an adjusting entry?
a.Fees Earned
b.Salaries Expense
c.Cash
d.Salaries Payable
2.All of the following are types of adjustments except
a.accrued revenues.
b.prepaid expenses.
c.cash expenses.
d.accrued expenses
3.A month-end review of work performed during the month at an accounting firm for tax clients indicates there are a total of 50 tax returns completed for which customers owe $196 each. They remain unbilled at the end of the period. The adjusting journal entry should include a
a.debit to Tax Preparation Revenue for $9,800.
b.debit to Cash for $9,800.
c.credit to Tax Preparation Revenue for $9,800.
d.credit to Cash for $9,800.
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