Question
A lawyer worked for a client for legal services totaling $2,000. An adjusting entry is required to adhere to accrual accounting - what type of
A lawyer worked for a client for legal services totaling $2,000. An adjusting entry is required to adhere to accrual accounting - what type of adjustment is required?
a. Deferral - Deferred/Unearned revenue
b. Accrual - Accrued expense
c. Accrual - Accrued Revenue
d. Deferral - Prepaid expense
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Principles of Financial Accounting
Authors: Belverd E. Needles, Marian Powers
12th edition
978-1133940562, 1133940560, 978-1285608464, 1285608461, 1133939287, 978-0357693605, 978-1285607047, 128560704X, 978-1133939283
