One Part of an Adjusting Entry Is Given Below

question 52

Essay

One part of an adjusting entry is given below.
Instructions:
Indicate the account title for the other part of the entry.
1. Unearned Service Revenue is debited.
2. Prepaid Rent is credited.
3. Accounts Receivable is debited.
4. Depreciation Expense on equipment 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.

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Definitions:

Exocytosis

A process by which a cell transports secretory products through the cell membrane to the outside of the cell in vesicles.

Transporters

Proteins that move molecules across cell membranes, either into or out of the cell.

Cell Membrane

The semipermeable membrane surrounding the cytoplasm of a cell, which regulates the passage of substances in and out of the cell.

Protein Molecules

Large, complex molecules that play many critical roles in the body, including catalyzing metabolic reactions, DNA replication, and transporting molecules.