Match the Following Types of Adjusting Entries to the Listed

question 174

Multiple Choice

Match the following types of adjusting entries to the listed situation. (Choices may be used more than once.)
-Salaries Payable

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

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Definitions:

Sue

to bring a legal action against someone in order to obtain a remedy or compensation.

Landlord

An individual or entity that owns and rents out real estate, providing the lessee or tenant with the right to use the property under agreed conditions.

25-Year Lease

This is a rental agreement granting the lessee the right to use a property for a period of 25 years.

Written Lease

A formal document outlining the terms and conditions under which one party agrees to rent property owned by another party.