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Problem 3 - 1 A ( Algo ) Identifying adjusting entries with explanations LO P 1 , P 2 , P 3 , P 4
Problem A Algo Identifying adjusting entries with explanations LO P P P P For journal entries through indicate the explanation that most closely describes it You can use explans A To record receipt of unearned revenue. B To record this period's earning of prior unearned revenue. C To record payment of an accrued expense. D To record receipt of an accrued revenue. E To record an accrued expense. F To record an accrued revenue, G To record this period's use of a prepaid expense. H To record payment of a prepaid expense. I. To record this period's depreciation expense. tableEntryExplanation,Journal Entries,Debit,CreditSalaries Payable,Cash,,EPrepaid Rent,Cash,,ESalaries Expense,Salaries Payable,,EInterest Receivable,Interest Revenue,,Cash,Accounts Receivable from consultingCash,Unearned Revenue,,Cash,Interest Receivable,,bDoner connmen,e connt,
Problem A Algo Identifying adjusting entries with explanations LO P P P P
For journal entries through indicate the explanation that most closely describes it You can use explans
A To record receipt of unearned revenue.
B To record this period's earning of prior unearned revenue.
C To record payment of an accrued expense.
D To record receipt of an accrued revenue.
E To record an accrued expense.
F To record an accrued revenue,
G To record this period's use of a prepaid expense.
H To record payment of a prepaid expense.
I. To record this period's depreciation expense.
tableEntryExplanation,Journal Entries,Debit,CreditSalaries Payable,Cash,,EPrepaid Rent,Cash,,ESalaries Expense,Salaries Payable,,EInterest Receivable,Interest Revenue,,Cash,Accounts Receivable from consultingCash,Unearned Revenue,,Cash,Interest Receivable,,bDoner connmen,e connt,
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