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    Accounting Information Systems Study Set 16
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    Exam 14: General Ledger and Reporting System
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    The Recording of Interest Earned on an Account Balance or Wages
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The Recording of Interest Earned on an Account Balance or Wages

Question 8

Question 8

Multiple Choice

The recording of interest earned on an account balance or wages payable is an example of which type of adjusting journal entry?


A) accrual entry
B) deferral entry
C) revaluation entry
D) correcting entry

Correct Answer:

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