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:

DuPont Formula

An expanded expression of return on investment determined by multiplying the profit margin by the investment turnover.

Financial Information

Refers to data related to the financial performance and position of a business or individual, including details on income, expenses, assets, and liabilities.

Nonfinancial Information

Information that is not related to money or finances, often concerning the operational or strategic aspects of a business.

Financial Information

Data relating to the monetary transactions, assets, liabilities, net worth, and operational results of an individual or an organization.