An Adjusting Entry That Debits Accounts Receivable Is an Example

question 28

Multiple Choice

An adjusting entry that debits Accounts Receivable is an example of a(n) :

• A)prepaid expense.
• B)accrued revenue.
• C)accrued expense.
• D)unearned revenue.

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Definitions:

Check Register

A record of checks written, deposits made, and balances for a checking account.

Deposit

An amount of money placed into an account or given to someone as a partial payment or security for the purchase of something.

Check Register

A record book or digital log used to track checks written, deposits made, and current balance of a bank account.

Cash Balance

The amount of currency and liquid instruments in a company's possession that can be readily used for transactions.