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-Based on the figure above, in which quarter or quarters did an expansion occur?
Adjusting Entries
Journal entries made at the end of an accounting period to allocate revenue and expenses to the proper period.
Adjusting Entry
A journal entry made in the accounting records at the end of an accounting period to allocate income and expenditure to the appropriate period.
Closing Entry
A journal entry made at the end of an accounting period to transfer the balances of temporary accounts to a permanent account.
Adjusting Entry
An accounting record posted at the closing of a financial period to assign revenues and expenses to the time they were incurred.
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