Question

Refer to the asset section.
1. List the title of one asset account that includes accrued revenue—amounts earned but not yet received in cash.
2. List the title of one asset account that includes amounts that have been paid for in cash but have not yet been expensed.
3. List the title of one asset account that includes amounts that will be depreciated.
4. For each account listed in 1 through 3, identify the amount reported for the most recent year. Do these amounts still need adjusting? Explain why or why not.



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  • CreatedSeptember 01, 2014
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