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A select list of transactions for Texas Delivery Service follows. For each transaction, identify what type of adjusting entry would be needed. Select from the
A select list of transactions for Texas Delivery Service follows. For each transaction, identify what type of adjusting entry would be needed. Select from the following four types of
adjusting entries: deferred expense, deferred revenue, accrued expense, and accrued revenue.
Apr. : Paid six months of rent, $
Apr. : Received $ from customer for sixmonth service contract that began April
Apr. : Purchased a computer for $
Apr. : Purchased $ of supplies on account.
Apr. : Work performed but not yet billed to customer, $
Apr. : Employees earned $ in salaries that will be paid May
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