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Give an example of an adjusting journal entry

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Reference no: EM132686386

Problem 1: Give an example of an adjusting journal entry for each of the following transactions:

  1. equal growth of an expense and liability.
  2. earning of revenue that was previously recorded as unearned revenue.
  3. equal growth of an asset and revenue.
  4. increase in an expense and decrease in an asset.

Reference no: EM132686386

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