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Accounting Adjustment process. One of these are wrong, It will not tell me which one because of a glitch in the system. Please help Question
Accounting Adjustment process. One of these are wrong, It will not tell me which one because of a glitch in the system. Please help
Question 9 9.167 / 10 points Match the type of account (1-5) with the business transactions that follow. 3 Retainer fee received from a client for future legal representation. 1 Paid 6 months of rental payments to the landlord. 3 Received 6 months of rental payments from tenant. 2 Annual depreciation on equipment, recorded on a monthly basis. 1. Prepaid expense 1 Paid for one year's insurance policy. 2. Accrued expense 1 Paid for a 6-month magazine subscription. 3. Unearned revenue 5 A contract to provide tutoring services beginning next month was signed. 4. Accrued revenue 4. Services provided that have not been recorded. 5. None of these 4 Provided tutoring for a student that will be invoiced (billed) next month. 2 Annual property taxes that are paid at the end of the year. 3 Received payment covering a 6-month magazine subscription. 2_Electric bill to be paid next monthStep by Step Solution
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