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Which is an example of an adjusting entry

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Reference no: EM132741745

Problem 1. Which of the following is an example of an adjusting entry?

A. Recording the purchase of supplies on account

B. Recording depreciation of a truck

C. Recording the billing of customers for services rendered

D. Recording the payment of wages to employees

Problem 2. Entries made at the beginning of the next accounting period are:

A. Initial entries

B. Closing entries

C. Adjusting entries

D. Reversing entries

Reference no: EM132741745

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