Match Each Journal Entry That Follows as One of the Types

question 48

Multiple Choice

Match each journal entry that follows as one of the types of journal entries (a-c) below.
-​Accounts Receivable 325
Fees Earned 325
(Customer billed for services performed.)

• A)Journal entries
• B)Adjusting journal entries
• C)Closing journal entries

Illustrate the importance of precise word choice in conveying clear messages.

Enhance vocabulary selection for specific contexts.

Improve sentence structuring for clearer communication.

Develop an understanding of variation in language tone according to context.

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Definitions:

Adjusting Entry

A journal entry made in accounting records to update the balances of accounts at the end of an accounting period.

Accrued Salaries

Salaries that have been earned by employees but have not yet been paid by the employer.

Reversing Entries

Journal entries made at the beginning of an accounting period to reverse or cancel out adjusting entries made in the previous period.

Journal Entries

The record of financial transactions in the accounting books, capturing debits and credits for each transaction to maintain accurate financial statements.