Match the Following Entry Descriptions with the Accounting Entries to Which

question 122

Essay

Match the following entry descriptions with the accounting entries to which they relate by placing the appropriate letter to the left. A letter may be used more than once. A. Adjusting entries.
B. Closing entries.
C. All the entries listed above.
D. None of the entries listed above.
$\underline{\quad\quad}$ 1. May be initially recorded in the general ledger.
$\underline{\quad\quad}$ 2. They must be determined before the financial statements for the period are prepared.
$\underline{\quad\quad}$ 3. Clears the temporary account balances at the end of the period.
$\underline{\quad\quad}$ 4. Clears the permanent account balances at the end of the period.
$\underline{\quad\quad}$ 5. They affect both temporary and nominal accounts.

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Definitions:

Affiliation Goal

An objective aimed at creating or nurturing relationships and connections with others.

Theory of Reasoned Action

A framework for understanding the relationship between attitudes, intentions, and behaviors, emphasizing the role of cognitive reasoning in behavioral decision-making.

Attitude Toward Buying

Refers to a consumer's mindset or predisposition regarding the purchase of a product or service.

Post-purchase

Refers to activities and experiences that occur after buying a product or service, including customer satisfaction and loyalty.