One Part of an Adjusting Entry Is Given Below

question 79

Essay

One part of an adjusting entry is given below.
1. Unearned Revenue is debited.
2. Prepaid Rent is credited.
3. Accounts Receivable is debited.
4. Depreciation Expense is debited.
5. Utilities Expense is debited.
6. Interest Payable is credited.
7. Service Revenue is credited (give two possible debit accounts).
8. Interest Receivable is debited.
Instructions
Indicate the account title for the other part of the entry.

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Definitions:

Recourse

A legal means to seek enforcement of or redress for an obligation, right, or injury.

Stop-payment Order

An instruction to a bank not to process or honor a check or payment previously issued by the account holder.

Drawee Bank

The bank upon which a check is drawn and is responsible for paying the check amount to the payee.

Void Check

A void check is a check that has been cancelled or invalidated, making it non-negotiable and preventing its use for payment.