An Adjusting Entry

question 127

Multiple Choice

An adjusting entry

• A) affects two balance sheet accounts.
• B) affects two income statement accounts.
• C) affects a balance sheet account and an income statement account.
• D) is always a compound entry.

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Definitions:

Date Loaded

The specific date when data was imported or entered into a system or database.

Groove Music app

A digital music streaming service and application by Microsoft, offering a wide range of music catalogues.

Audio Files

Digital files that store sound or music data, which can be played back on electronic devices like computers, phones, or digital media players.

Albums

Collections of recorded music tracks or photographs, traditionally stored in physical formats but now also available digitally.