$2$

$2\mathrm{.}5$ points

The main purpose of adjusting entries is to:

Correct errors in the accounting records.

Recognize assets purchased during the period.

Follow Accrual Accounting procedures..

Follow Cash Accounting procedures.

Recognize debts paid during the period.

$3$

$2\mathrm{.}5$ points

A business uses a credit to record:

A decrease in a common stock account.

A decrease in a revenue account.

An increase in an expense account.

An increase in an unearned revenue account.

An increase in an asset account.