Adjusting entries are: a. Journal entries made to correct accounts for previous errors in recording transactions. b.
Question:
Adjusting entries are:
a. Journal entries made to correct accounts for previous errors in recording transactions.
b. Journal entries made to update accounts for previously unrecorded items.
c. Journal entries made to record the original transaction.
d. Journal entries made to ledger accounts to record the original transaction.
Step by Step Answer:
D Journal entries made to ledger ac...View the full answer
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
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A journal entry is an act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company\'s debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit
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