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Chapter 9 1.) What is an unadjusted trial balance? 2.) What is an adjusted trial balance? 3.) Why accrue an expense? 4.) Why defer an

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Chapter 9 1.) What is an unadjusted trial balance? 2.) What is an adjusted trial balance? 3.) Why accrue an expense? 4.) Why defer an expense? 5.) Why accrue revenues? 6.) Why defer revenues? 7.) What QBO task is used to record accruals and deferrals? 8.) Why depreciate a fixed asset? 9.) Describe the new method you learned in this chapter to add a new account from journal entry. 10.) Describe the new method you learned in this chapter to add a new custo vendor from within a journal entry. A Prepaid expenses Debit this account when recording depreciation B Accrued Expenses Credit this account when accruing an expense Unearned Revenue Debit this account when accruit revenue D Accrued Revenue Supplies consumed E Depreciate expense Credit this account when recording depreciation

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