menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting
  4. Exam
    Exam 3: The Adjusting Process
  5. Question
    The Adjustment for Accrued Fees Was Debited to Accounts Payable
Solved

The Adjustment for Accrued Fees Was Debited to Accounts Payable

Question 142

Question 142

True/False

The adjustment for accrued fees was debited to Accounts Payable instead of Accounts Receivable. This error will be detected when the Adjusted Trial Balance is prepared.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q30: When preparing an income statement vertical analysis,

Q44: List the four basic types of accounts

Q93: An adjusting entry would adjust revenue so

Q137: The updating of accounts is called the

Q138: What effect will the following adjusting journal

Q139: Protonix Corp has a payroll of $8,000

Q141: Indicate whether the following error would cause

Q145: A one-year insurance policy was purchased on

Q146: Prepare the December 31 adjusting entries for

Q175: Indicate with a Yes or No whether

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines