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:

Ligaments

Strong, flexible bands of connective tissue that connect bones to other bones at joints.

Cartilage

A firm, flexible connective tissue found in various parts of the body, including the joints, rib cage, and ear.

Osteoclasts

Type of bone cell responsible for the breakdown and resorption of bone tissue, playing a crucial role in bone maintenance, growth, and repair.

Calcium

A chemical element, symbol Ca, essential for living organisms, particularly in cell physiology and bone formation.