Match the Following Types of Adjusting Entries to the Listed

question 21

Multiple Choice

Match the following types of adjusting entries to the listed situation. (Choices may be used more than once.)
-The employee salaries has been incurred, but not paid at the end of the accounting period

• A)a deferred (prepaid) expense
• B)a deferred (unearned) revenue
• C)an accrued expense
• D)an accrued revenue

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Definitions:

LPT Scheduling Rule

A priority rule used in scheduling where jobs are ordered in descending order of their processing times.

Due Date

The specified date by which a task or project is expected to be completed or a payment is due.

Johnson's Rule

A sequencing rule used in operations management for minimizing job completion time by ordering tasks based on the shortest processing times at two workstations.

Optimal Sequence

The most efficient or effective order in which a series of tasks, events, or activities should be completed to achieve the best outcome.