Given the Following Adjustment Data,state Whether the Resulting Adjustment Will

question 135

Essay

Given the following adjustment data,state whether the resulting adjustment will be a deferral or an accrual.
a.Supplies were used during the month.
b.Estimated the monthly utilities bill and recorded the expense.
c.Unearned service revenue had been earned by the end of the month.
d.Recorded the monthly depreciation on the office equipment.
e.Recorded salaries owed to employees at the end of the month but not paid until early next month.
f.Recorded interest earned on a note receivable but not yet collected.

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Definitions:

Heated Disagreement

An intense argument or conflict between individuals or groups.

Dissociation

The process through which a member of a business entity severs their connection or association with that entity.

LLP

Refers to a Limited Liability Partnership, a business structure where partners have limited liabilities and the partnership has elements of both partnerships and corporations.

Liable

Legally responsible or obligated, particularly in the context of debts or legal judgements.