A) $0.75 B) $0.91

question 10

Multiple Choice

• A) $0.75
• B) $0.91
• C) $1.00
• D) $1.06

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Definitions:

Accrued Expense

Expenses that have been incurred but not yet paid or recorded through a standard accounting transaction, often recognized at the end of an accounting period.

Electric Bill

The cost incurred for the consumption of electricity by a household, business, or organization.

Paid

The process of disbursing money in exchange for goods or services, or the act of fulfilling an obligation such as a debt.

Adjusted Trial Balance

A list of all accounts and their balances after adjustments have been made for accruals and deferrals.