Which Of The Following Accounts Would Likely Be Included In A Deferral Adjusting Entry?

Which of the following accounts would likely be included in a deferral adjusting entry. Answer to Which of the following accounts would likely be included in a deferral adjusting entry.

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If the company prepares monthly financial statements a deferral-type adjusting entry may be needed each month in order to move one-sixth of the six-month cost from the asset account Prepaid Insurance to the income statement account Insurance Expense.

Which of the following accounts would likely be included in a deferral adjusting entry?. The balance in the prepaid rent account before adjustment at the end of the year is 32000 which represents four months rent paid on December 1. A balance in the prepaid rent account after adjusting entries are made represents an. This preview shows page 26 – 29 out of 94 pagespreview shows page 26 – 29 out of 94 pages.

A interest revenue b. Which one of the following accounts below would likely be included in a deferral adjusting entry. Which of the following accounts would likely be included in a deferral adjusting entry.

Which of the following accounts would likely be included in a deferral adjusting entry. Cash Accounts Payable Supplies Accounts Receivable Which of the following is a service business. The balance in the prepaid rent account before adjustment at the end of the year is 32000 which represents four months rent paid on December 1.

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Which one of the following accounts below would likely be included in a deferral adjusting entry. The adjusting journal entry should include a a. Which one of the following accounts below would likely be included in a deferral adjusting entry.

This problem has been solved. Credit to Subscriptions Revenue for 22700. The adjusting entry required on December 31 is.

Account Receivable Interest Revenue Salaries payable Unearned Revenue The account type and normal balance of Unearned Revenue is Select one. A balance in unearned subscriptions account after adjusting entries are made represents an Deferral. Which of the following accounts would likely be included in a deferral adjusting entry.

Microsoft Walmart Dell Computers Facebook Ramos. Which of the following is the proper adjusting entry based on a prepaid insurance account balance before adjustment of 14000 and unexpired insurance of 3000 for the. Which one of the following accounts below would likely be included in a deferral adjusting entry.

Accounts Receivable Salaries Payable Unearned Revenue Interest Revenue Which of the following asset accounts is increased when a receivable is collected. The unearned subscriptions account reflected a balance of 32500 prior to any adjustments. Which Of The Following Accounts Would Likely Be Included In Adeferral Adjusting Entrya.

Which Of The Following Accounts Would Likely Be Included In A Deferral Adjusting Entry. Example 4 Asset expense adjusting entry for depreciation A depreciable asset is a manufactured asset such as a building machine vehicle or piece of equipment that provides service to a business. Revenue credit expense debit asset debit liability credit.

Rect answer is A Interest Revenue is part of deferred Adjusted Entry rest are not related to deferral adjusted entries. Which of the following accounts would likely be included in a deferral adjusting entry. Which of the following accounts would likely be included in an accrual adjusting entry.

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Which of the following accounts would likely be included in a deferral adjusting entry. It is determined that 9800 in subscriptions remain unearned at the end of the period. Which one of the following accounts below would likely be included in a deferral adjusting entry.

Textbook Solutions Expert QA Study Pack Practice Learn. An example of an expense accrual is the electricity that is used in December where neither the bill nor the payment will be processed until January. If there is a balance in the prepaid rent account after adjusting entries are made it represents an.

Credit to Unearned Subscriptions for 22700. A balance in the prepaid rent account after adjusting entries are made represents an Deferral. Which of the following accounts would likely be included in an accrual adjusting entry.

After the adjusting entry the account balance is 1500 and matches the amount of supplies from the physical count. The balance in the prepaid rent account before adjustment at the end of the year is 15000 which represents three months rent paid on. The December electricity should be recorded as of December 31 with an accrual adjusting entry that debits Electricity Expense and credits a liability account such as Accrued Expenses Payable.

The accountant might also say We need to defer some of the cost of supplies. Supplies are recorded as assets when purchased.

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