Match the Following Types of Adjusting Entries to the Listed

question 62

Multiple Choice

Match the following types of adjusting entries to the listed situation. (Choices may be used more than once.)
-Utility expense was incurred, but not yet paid at the end of the year

• A)a deferred (prepaid) expense
• B)a deferred (unearned) revenue
• C)an accrued expense
• D)an accrued revenue

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Definitions:

Determining Factor

A critical element or condition that significantly influences the outcome or nature of a process, situation, or decision.

Desert Plants

Flora adapted to survive in harsh desert environments, typically exhibiting water conservation features.

Succulent Leaves

Thick, fleshy leaves adapted for water storage, commonly found in plants that inhabit dry environments or soil conditions.