Solution-Find the end-of-period adjusting entry would

Find the end-of-period adjusting entry would involve

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Reference no: EM132649263

Problem 1: If, during an accounting period, an expense item has been incurred and consumed but not yet paid for or recorded, then the end-of-period adjusting entry would involve

1) a liability account and an expense account.
2) a receivable account and a revenue account.
3) a liability account and an asset account.
4) an asset or contra-asset and an expense account.

Reference no: EM132649263

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Find the end-of-period adjusting entry would involve

Reference no: EM132649263

Reference no: EM132649263

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