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please help me answer these questions below by using the graph for refrencing. Summary of Timing Issues Related to Adjusting Entries Account Category Examples When

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Summary of Timing Issues Related to Adjusting Entries Account Category Examples When does Cash Flow? When is the Adjusting Entry made, and when is Revenue or Expense Recognized? Property Plant,& Equipment Equipment Building Cash flow out: before the adj. entry before expense is recognized Adjusting entry made after cash flow out. Expense is recognized after cash flow out Prepaid Assets Prepaid rent Supplies Cash flow out: after the adj. entry after expense is recognized Adjusting entry made before cash flow out. Expense is recognized before cash flow out Accrued liabilities Wages payable Interest payable Cash flow out: after the adj. entry before expense is recognized Adjustingentry made before cash flow out. Expense is recognized after cash flow out Unearned Revenue Liabilities Receive advance: payment for services payment for rent Cash flow in: after the adj. entry after revenue is recognized Adjusting entry made before cash flow in. Revenue is recognized after cash flow in Accrued Assets interest Cash flow in: receivable after the adj. entry unbilled services after revenue is recognized Adjusting entry made before cash flow in. Revenue is recognized after cash flow in Quiz Content Question 1 20 Points Property, Plant, & Equipment (example Equipment or Buildings) All of the "before" and "after" words are correct. All of the "before" and "after words are incorrect. Some of the "before" and "ofter" words are correct and some of the "before" and "after" words are incorrect. Question 2 20 Points Prepaid Assets, (examples Prepaid Rent Supplies) All of the "before" and "after words are correct. All of the "before" and "after words are incorrect. Some of the "before" and "after words are correct and some of the "before" and "after" words are incorrect. Question 3 Accrued Liabilities, (examples wages payable, interest payable) All of the "before" and "after" words are correct. All of the "before" and "after" words are incorrect. Some of the "before" and "after" words are correct and some of the "before" and "after" words are incorrect. Question 4 Unearned Revenue Liabilities, : (examples Receive Advance Payment for Services or Rent) All of the "before" and "after" words are correct. B All of the "before" and "after" words are incorrect. Some of the "before" and "after" words are correct and some of the "before" and "after" words are incorrect. Question 5 Accrued Assets, A All of the "before" and "after" words are correct. B All of the "before" and "after" words are incorrect. Some of the "before" and "after" words are correct and some of the "before" and "after" words are incorrect

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