1.
Concept Introduction:
The
2.
Concept Introduction: Adjusting entries are recorded at the end of an accounting period to assign the right amount of revenue and expenses to the accounting period. Generally, it is an updating of previously recorded entries so that financial statements at the end of the year are accurate.
The adjustment entry on September 30.
3.
Concept Introduction: Adjusting entries are recorded at the end of an accounting period to assign the right amount of revenue and expenses to the accounting period. Generally, it is an updating of previously recorded entries so that financial statements at the end of the year are accurate.
The T accounts for the transaction on September 01 and 30.
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HORNGREN'S FIN.+MGRL..:MANAG.CHP.-MYLAB
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