Identify which type of adjustment is indicated by these transactions. Choose accrued revenue, accrued expense, deferred revenue,
Question:
Identify which type of adjustment is indicated by these transactions. Choose accrued revenue, accrued expense, deferred revenue, or deferred expense.
A. Rent paid in advance for use of property
B. Cash received in advance for future services
C. Supplies inventory purchased
D. Fees earned but not yet collected
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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