Beta Alloys made the following adjusting journal entries on December 31, 2014. REQUIRED: Classify each adjusting entry
Question:
Beta Alloys made the following adjusting journal entries on December 31, 2014.
REQUIRED:
Classify each adjusting entry as either an accrual adjustment (A) or a cost expiration adjustment (C), and indicate whether each entry increases (+), decreases (–), or has no effect (NE) on assets, liabilities, shareholders’ equity, revenues, and expenses. Organize your answer in the following way. The first journal entry has been done foryou.
Transcribed Image Text:
Entry Classification Assets Liabilities Shareholders' Equity Revenues Expenses NE + NE
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