Identify which type of adjustme A. Rent paid in advance for us B. Cash received in advance f C. Supplies inventory purchas D. Fees earned but not yet cc

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter4: The Adjustment Process
Section: Chapter Questions
Problem 3EA: Identify which type of adjustment is indicated by these transactions. Choose accrued revenue,...
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Identify which type of adjustment is indicated by these transactions. Choose accrued revenue, accrued expense, deferred revenue, or deferred expense.
A. Rent paid in advance for use of property
B. Cash received in advance for future services
C. Supplies inventory purchased
D. Fees earned but not yet collected
Transcribed Image Text:eBook Identify which type of adjustment is indicated by these transactions. Choose accrued revenue, accrued expense, deferred revenue, or deferred expense. A. Rent paid in advance for use of property B. Cash received in advance for future services C. Supplies inventory purchased D. Fees earned but not yet collected
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