Multiple Choice
Match the following types of adjusting entries to the listed situation. (Choices may be used more than once.)
-Utility expense was incurred, but not yet paid at the end of the year
A) a deferred (prepaid) expense
B) a deferred (unearned) revenue
C) an accrued expense
D) an accrued revenue
Correct Answer:
Verified
Correct Answer:
Verified
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