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Author Question: Identify the adjusting entry that is made at the end of an accounting period to reflect an exchange ... (Read 150 times)

Bob-Dole

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Question 1

Recording interest earned on an investment is an example of which type of adjusting journal entry?
◦ Accrual entry.
◦ Deferral entry.
◦ Closing entry.
◦ Correcting entry.

Question 2

Identify the adjusting entry that is made at the end of an accounting period to reflect an exchange of cash prior to the performance of a related event is classified as a(n)
◦ Accrual entry.
◦ deferral entry.
◦ Closing entry.
◦ Correcting entry.


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Marked as best answer by Bob-Dole on Apr 8, 2019

ngr69

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