Match the Following Types of Adjustments with the Appropriate Transactions

question 96

Multiple Choice

Match the following types of adjustments with the appropriate transactions.
-Accrued expense

• A)Used to record wages owed, but not yet paid.
• B)Used to record revenue earned for which cash was received in advance.
• C)Used to record revenue earned for which cash has not been received.
• D)Used to record expiration or use of prepaid insurance.

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Definitions:

Work Rules

Policies and regulations established by an employer to dictate the behavior and performance of employees within the workplace.

Industrial Workers of the World

An international labor union that advocates for the collective organization of workers to promote the interests of the working class.

Oppressive Work Practices

Employment conditions that are unjustly harsh, often involving overwork, underpay, lack of autonomy, and abusive management.

AFL

The American Federation of Labor, a national federation of labor unions in the United States, founded in 1886, focusing on advocating for workers' rights and interests.