To record adjusting entries,use:
A) Reports Menu > General Journal Entries
B) Accountant Menu > Make General Journal Entries
C) Banking Menu > Make General Journal Entries
D) Home > Journal Entries
Correct Answer:
Verified
Q10: Sales are recorded under cash basis accounting
Q11: An accounting period may be:
A)One quarter
B)One month
C)One
Q12: Unearned revenue occurs when:
A)Customers pay after receiving
Q13: The order of the steps in the
Q14: What is an asset?
A)What remains after the
Q16: Adjusting entries should be made:
A)Before preparing an
Q17: Before making adjusting entries,you should:
A)Close permanent accounts
B)Prepare
Q18: Prepaid items for which adjusting entries may
Q19: If a count of office supplies on
Q20: Adjusting entries for prepaid items typically include
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