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Which of the following is an example of a deferral adjusting entry? Multiple Choice A. Recording rent revenue on 12/31/2020 whereas rent was collected on
Which of the following is an example of a deferral adjusting entry?
Multiple Choice
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A. Recording rent revenue on 12/31/2020 whereas rent was collected on 6/1/2020.
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B. Recording the collection of $100 from a customer on 12/31/2020 whereas sales revenue was recorded on 12/15/2020.
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C.Recording interest revenue on 12/31/2020 whereas interest and principal will be collected on 6/1/2021.
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D. Recording wage expenses on 12/31/2020 whereas wages will be paid on 1/5/2021.
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