M$4-1($Static$)$ Understanding Concepts Related to Adjustments $[$LO $4-1]$

Required:

Match each situation below to two applicable reasons that require an adjustment to be made

A$.$ Revenue has been generated.

B$.$ Expense has been incurred.

C$.$ Liability has been incurred.

D$.$ Liability has been fulfilled.

E$.$ Asset has been acquired.

F$.$ Asset has been used up$.$

Delta Airlines provided flights this month for customers who paid cash last month for tickets.

GSD&M completed work on an advertising campaign that will be collected next month.

Snap received a telephone bill for services this month, which must be paid next month.

The TGR Foundation used up some of the benefits of its $35,000-$square$-$foot building.