Which of the Following Is a Possible Adjusting Journal Entry

question 49

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.

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Definitions:

Chronological Order

The arrangement of events, documents, or actions in the order of their occurrence in time.

Alphabetically

In the sequence of the characters of the alphabet.

A/R Ratio

A financial metric, often used in business, representing Accounts Receivable turnover or efficiency in collecting receivables.