The Following Adjusting Journal Entry Does Not Include an Explanation

question 97

Multiple Choice

The following adjusting journal entry does not include an explanation. Select the best explanation for the entry.

• A) Record payment of fees earned.
• B) Record fees earned at the end of the month.
• C) Record fees that have not been earned at the end of the month.
• D) Record the payment of fees to be earned.

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Definitions:

Détente

The easing of strained relations, especially in a political context, between nations.

Soviet Union

A socialist state on the Eurasian continent that existed from 1922 to 1991, formally known as the Union of Soviet Socialist Republics (USSR), and was a world superpower alongside the United States.

Afghanistan

Afghanistan is a landlocked country located at the crossroads of Central and South Asia, known for its historic significance and contemporary geopolitical importance.

Defensive Alliance

An agreement between nations to provide mutual support in case one of them is attacked by another country.