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6. Making insurance payments in advance is an example of. A. An accrued revenue. B. An accrued expense C. An unearned revenue. D. A prepaid

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6. Making insurance payments in advance is an example of. A. An accrued revenue. B. An accrued expense C. An unearned revenue. D. A prepaid expense. 7.A list of all accounts to as: A. An adjusted trial balance. B. A trial of a balance. Ilacounts and their balances after updating account balances for adjusting entries is referred C. A pre-closing trial balance D. A post-closing trial balance. 8. Adjusting entries: A. Can include the cash account. B. Usually are recorded at the beginning of the accounting period C. A ways change at least one income statement account balance and one balance sheet account balance. D. Adjust the balance of revenue and expense accounts to zero. 9. Consider the following events for Betterment Inc. January1 Betterment purchases gasoline for $200 on account January 7 Betterment advertises lawn mowing services for $100 per lawn. January 9 Betterment signs up 8 customers who pay a total of $800 cash Betterment mows the lawns of the 8 customers and all gasoline purchased on January 1 is used. January 12 January 13 Betterment pays for the gasoline purchased on January 1 Under accrual-basis accounting, what is the appropriate day to record the expenses related to the gasoline? A. January I B. January 7 C. January 12. D. January 13. 10. When a magazine sells subscriptions to customers, it is an example of A. An accrued expense. B. An accrued revenue. C. A prepaid expense. D. An unearmed revenue

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