Which of the Following Journal Entries Was Created as the Result

question 7

Multiple Choice

Which of the following journal entries was created as the result of a deferral?

• A) Salaries expense
• \( \quad \)Salaries payable
• B) Interest expense
• \( \quad \)\( \quad \)Interest payable
• C) Cash
• \( \quad \)Unearned revenue
• D) Cash
• \( \quad \)Revenue

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Definitions:

Facility Shutdowns

The process of closing business facilities temporarily or permanently, which may result from economic, strategic, or operational decisions.

Operation Reductions

A strategy aimed at decreasing the complexity and costs of business operations, often through simplifying processes, cutting unnecessary tasks, or outsourcing.

Work Redesign

Modifying job roles and organizational structures to improve employee satisfaction, efficiency, and productivity.

Alberta Oil Sands

A vast reserve of heavy crude oil located in Northern Alberta, Canada, considered to be among the world's largest deposits of petroleum.