Question: Identify the events that would require a year - end adjusting entry. EventsYear - End Adjusting Entry 1 . Recognized revenue on account . 2
Identify the events that would require a yearend adjusting entry.
EventsYearEnd Adjusting Entry Recognized revenue on account Issued common stock Paid cash to purchase supplies Collected a cash advance for services that will be provided during the coming year Paid a cash dividend to the stockholders Paid cash for an insurance policy that provides coverage during the next year Collected cash from accounts receivable Paid cash for operating expenses Paid cash to settle an account payable Paid cash to purchase land.
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