Which of the following journal entries is created to adjust for a deferral? A. Unearned revenue
$\quad$Revenue
B. Interest expense
$\quad$Interest payable
C. Cash
$\quad$Revenue
D. Accounts receivable
$\quad$Unearned revenue

Question

Quizplus · Accepted Answer

A deferral involves postponing the recognition of revenue or expense. Unearned revenue is a liability account used when cash is received before services are performed, and the adjusting entry involves recognizing the revenue.

Which of the Following Journal Entries Is Created to Adjust \quad

Which of the Following Journal Entries Is Created to Adjust $\quad$