Examlex
Match each journal entry that follows as one of the types of journal entries (a-c) below.
-Income Summary 597
Rent Expense 200
Supplies Expense 180
Utilities Expense 110
Miscellaneous Exp. 107
Vesting
The process by which an individual earns the right to receive full benefits from a pension plan or stock option over time.
Purpose
The reason for which something is done or created or for which something exists.
Creditor Beneficiary
A third party that benefits from a contract between two other parties, particularly when one party promises to pay a debt owed to the creditor beneficiary by the other party.
Legal Duty
An obligation imposed by law upon an individual or entity to act or refrain from acting in a certain manner.
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