Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Match the type of journal entry to its definition Rectifies mistakes made in 8 recording any other type f Transfers an amount from one account

image text in transcribed
image text in transcribed
Match the type of journal entry to its definition Rectifies mistakes made in 8 recording any other type f Transfers an amount from one account to another to recognize accruals or deferrals. 2 Formally enters beginning balances of all real accounts into the General Journal then posted toethe General Ledger. 1. Originating Transfers an amount from one 2. Adjusting 3account to another to recognize a change in that amount (i.e. from long to short term). Correcting 4. Reclassification 5. Eliminating 6. Closing 3. Initial journal entry of an event nse Transfers the balance of nominal accounts to their associated real account at the 6 11 Saved MacBook Air 20 F8 F5 8 3

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

Accounting Information Systems

Authors: George H. Bodnar, William S. Hopwood

8th Edition

0130861774, 9780130861771

More Books

Students also viewed these Accounting questions

Question

develop your skills of project planning.

Answered: 1 week ago

Question

evaluate different research strategies;

Answered: 1 week ago