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For each transaction -Depreciation on a delivery truck is recorded -Revenue is earned during the current period, although customers had paid in a previous period.
For each transaction
-Depreciation on a delivery truck is recorded
-Revenue is earned during the current period, although customers had paid in a previous period.
-Interest earned but not yet received on notes receivable is recorded.
-The cost of supplies used during the current year is determined and recorded.
-The cost of salaries earned by employees, but not paid at the end of the accounting period is recorded.
Match the type of adjustment that would be required
-Deferred expense
-Deferred revenue
-Accrued liability
-Accrued asset
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