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Which of the following is an example of a deferral (or prepaid) adjusting entry? A. Recording salaries expense for employees not yet paid. B. Recording
Which of the following is an example of a deferral (or prepaid) adjusting entry?
A. Recording salaries expense for employees not yet paid.
B. Recording revenue that has been earned but not yet received.
C. Recording the usage of office supplies during the period.
D. Recording interest expense incurred on a notes payable not due until next year.
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