Source DocumentsTransaction AnalysisRecord in JournalPost come LedgerUnadjusted trial BalanceRecord & write-up to Adjusting entriesAdjusted trial BalanceFinancial StatementsClose short-term AccountsPost-Closing psychological Balance


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1. Only do so at the end of the period2. One should be revenue or expense3. Cash need to not be involved
Adjusting Entry: document the portion used during the period as expenseExpense $$$ Prepaid cost $$$
Adjusting Entry: document the portion that has actually not been offered yet as assetsPrepaid price $$$ cost $$$
Recording Unearned Revenue: record initial cash receipts as unearned revenueCash $$$ Unearned Revenue $$$
Adjusting Entry: document the part that has not been earned yet together unearned revenueRevenue $$$ Unearned Revenue $$$
Which of the following accounts is not closed? A. Typical StockB. DividendsC. Interest IncomeD. Benefit Summary
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Introduction come Managerial audit with affix Plus5th EditionEric W. Noreen, Peter C. Brewer, ray H Garrison


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