Which of the Following Pairs of Accounts Could Possibly Appear

question 22

Multiple Choice

Which of the following pairs of accounts could possibly appear in the same adjusting entry?

• A)Interest Income and Interest Payable.
• B)Revenue from Services and Cash.
• C)Service Revenue and Unearned Revenue.
• D)Rent Expense and Depreciation Expense.

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Definitions:

Programmed Solution

Predetermined responses or solutions to routine problems or issues.

Rules Of Thumb

Simple, general principles or guidelines that are not based on precise calculations, but are used to make quick decisions or estimations.

Routines

Repetitive sequences of actions regularly followed in daily operations or processes.

Well-Known

Being widely recognized or familiar to many people.