Match each transaction with the type of entry that will be required at April 30,the company's year-end.
-The company uses $1,600 worth of fertilizer from its stock of supplies.

Question

Quizplus · Accepted Answer

The use of $1,600 worth of fertilizer from stock is a deferral adjusting entry because it adjusts the amount of supplies on hand, recognizing the expense associated with the supplies used during the period.

Match Each Transaction with the Type of Entry That Will