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Could someone explain the need for this adjusting entry ? QUESTION 7 5 points Save Answer The Poohbare Co. made an adjustingjournal entry at the

Could someone explain the need for this adjusting entry ?

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QUESTION 7 5 points Save Answer The Poohbare Co. made an adjustingjournal entry at the end of 2019 in which it debited expense and credited a liability. Which choice below best captures why this entry is needed? \"W, a. Poohbare used up an existing asset during the period. Q h. Poohbare incurred a new liability during the period. T) c. Poohbare's bookkeeping system does not automatically record this type of expense during the period. T) d. All of the above (W e. A and B T\"; f. A and C (W g. B and C

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