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

A. Revenue has been earned.

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

1) Delta Airlines provided flights this month for customers who paid cash last month for tickets _____

2) GSD+M completed work on an advertising campaign that will be collected next month _____

3) Abercrombie received a telephone bill for services this month, which must be paid next month_____

4) The Tiger Woods Foundation used up some of the benefits of its 35,000-square-foot building_____

5) IBM completed a consulting project for the CDC to simulate the spread of contagious viruses and will be paid next month____

6) This month Apple, Inc. redeemed iTunes gift cards that had been issued last month____

7) Schutt Sports used up some of the benefits of its football helmet manufacturing equipment____

8) Procter & Gamble received a bill for this months advertising services, which it will pay next month___