Match each transaction with the type of entry that will be required at April 30,the company's year-end.
-The company provides lawn care in April for customers who will be billed and make payment in May.

Question

Quizplus · Accepted Answer

This transaction requires an accrual adjusting entry because the company has provided services but has not yet received payment, thus recognizing revenue earned in April that will be collected in May.

Match Each Transaction with the Type of Entry That Will