Question
hello i need help with this question please: (urgent) Indicate whether each of the following adjusting entries is an accrual-type or a deferral-type entry.? **(These
hello i need help with this question please: (urgent)
Indicate whether each of the following adjusting entries is an accrual-type or a deferral-type entry.?
**(These are FIVE adjusting entries, i need to know whether they are considered to be accrual type or deferred type)
1. Depreciation expense xx
Accumulated deprecation xx
a.accrual or b.deferral ?
2. Interest receivable xx
Interest revenue xx
a. accrual or b. deferral ?
3. Rent expense xx
Prepaid rent xx
a. accrual or b. deferral ?
4. Unearned revenue xx
Rent revenue xx
a. Accrual or b.Deferral ?
5. Wage expense xx
Wages payable xx
a. accrual or b. deferral ?
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