Examlex
Write an equivalent expression. Use a commutative law.
-3 + xy
Reversing Entries
Accounting entries made at the beginning of a new period to negate the effects of adjustments made at the end of the previous period.
Accrued Wages
Wages that have been earned by employees but have not yet been paid by the end of the accounting period.
Wages Payable
Liabilities representing the amounts owed to employees for work performed but not yet paid.
Post-Closing Trial Balance
A list of all accounts remaining after closing entries have been made, showing the balances ready for the next accounting period.
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