Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

match the following adjustments with their appropriate type of adjustment. The types of adjustments are: Unearned Revenue; Accrued Revenue; Accrued Expense; and Prepaid Expense. 8.A

match the following adjustments with their appropriate type of adjustment. The types of adjustments are: Unearned Revenue; Accrued Revenue; Accrued Expense; and Prepaid Expense.

8.A client finally paid you for the work that you had done for them.___________________

You owe two weeks worth of wages to one of your employees.

You realize that $500 of your prepaid store theft insurance has been used.

Your business provided $10,000 of services, you are billing the client today. ______

One of your clients paid you $11,000 prior to you doing the work for them. ______

9.state the name of the international financial accounting rules. Just an abbreviation is fine.

11.use the following account balances to close the books, a.k.a make the closing entries. There will be two journal entries here.

Utility Expense $3,000; Revenue $15,800; Salary Expense $4,000; Travel Expense $1,950.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Life Audit

Authors: Michelle Moroney

1st Edition

978-0717184736

More Books

Students also viewed these Accounting questions

Question

3. Contrast relational contexts in organizations

Answered: 1 week ago

Question

2. Describe ways in which organizational culture is communicated

Answered: 1 week ago

Question

1. Describe and compare approaches to managing an organization

Answered: 1 week ago