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:

Power Elite

A relatively small group of people in the top ranks of economic, political, and military institutions who make many of the important decisions in American society.

Private Business

Commercial organizations that are privately owned and operated, as opposed to being owned by the government.

Federal Government

The federal government is the national level of government that has powers over issues that affect the entire country, including defense, foreign affairs, and currency regulation.

Participation

The act of taking part or being involved in an activity, process, or decision-making.