Which of the Following Is a Possible Adjusting Journal Entry

question 108

Multiple Choice

Which of the following is a possible adjusting journal entry?

• A)Debit Cash,credit Accounts Payable.
• B)Debit Service Revenue,credit Cash.
• C)Debit Salaries Expense,credit Salaries Payable.
• D)Debit Utilities Expense,credit Retained Earnings.

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Definitions:

Battle of the Forms

A legal concept relating to the negotiation process between businesses over the terms of a contract, particularly when both parties provide conflicting standard terms.

Variance

A measure of how much a set of numbers differs from each other or a statistical permission to deviate from a standard in zoning laws.

Silence

The absence of any sound or noise.

Acceptance

Within the domain of contract law, the process of consenting to an offer's conditions, thus establishing a legally enforceable agreement.