As the controller of Stuart Enterprises Inc. you have hired a new employee, whom you must train.

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As the controller of Stuart Enterprises Inc. you have hired a new employee, whom you must train. She objects to making an adjusting entry for accrued utilities at the end of the period. She reasons, "We will pay the utilities soon. Why not wait until payment to record the expense? In the end, the result will be the same." Write a reply to explain to the employee why the adjusting entry is needed for accrued utility expense.
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Related Book For  answer-question

Financial Accounting

ISBN: 978-0133472264

5th Canadian edition

Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin

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