At the End of the Year, Accrual Adjusting Journal Entries

question 66

Multiple Choice

At the end of the year, accrual adjusting journal entries could include a:

• A) debit to an expense and a credit to an asset.
• B) credit to a revenue and a debit to an expense.
• C) debit to cash and a credit to contributed capital.
• D) debit to an expense and a credit to a liability.

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Definitions:

Pectoralis Major

A large chest muscle that plays a key role in moving the shoulder joint.

Latissimus Dorsi

A large, flat muscle on the back that helps in movement of the shoulder and arm, including extension and rotation.

Teres Major

An upper limb muscle that helps rotate and draw the arm towards the body.

Coracobrachialis

A muscle in the shoulder that assists in flexing and adducting the arm.