Problem 3-1A Identifying adjusting entries with explanations LO C3, P1

For each of the following entries, enter the letter of the explanation that most closely describes it in the space beside each entry. (You can use letters more than once.)

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.

rev: 02_14_2014_QC_45330

References

eBook & Resources

WorksheetDifficulty: EasyLearning Objective: 03-P1 Prepare and explain adjusting entries.

Problem 3-1A Identifying adjusting entries with explanations LO C3, P1Learning Objective: 03-C3 Identify the types of adjustments and their purpose.