Multiple Choice
Select the one term that best fits each definition
-An entry recording revenue before the cash is received, or an expense before the cash is paid.
A) accrual
B) accrued interest expense
C) accrued expenses
D) deferral
E) deferred expenses
F) deferred revenue
G) reversing entry
Correct Answer:

Verified
Correct Answer:
Verified
Q13: The entry to journalize the adjusting entry
Q14: The entry to journalize the reversing entry
Q15: The reversing entry for accrued interest income
Q16: The entry to journalize an adjusting entry
Q17: The closing entry for interest income is<br>A)
Q18: The reversing entry for accrued interest expense
Q19: The adjusting entry for prepaid rent is<br>A)
Q21: Select the one term that best fits
Q22: Select the one term that best fits
Q23: Select the one term that best fits