Remaining Time: 41 minutes, 06 seconds. Question Completion Status: 10 40 5 801 96 10 70 32 26 27 28 29 30 31 33 34 35 110 12 13 14 15 16 17 36 37 38 39 40 41 42 610 620 630 640 650 660 670 51 52 53 54 55 56 57 58 59 60 Moving to another question will save this response. Question 20 Which of the following statements about adjusting entries is correct? An adjusting entry for deferred expenses includes a credit to an expense and a debit to an asset. An adjusting entry for deferred revenues includes a credit to a liability and a debit to revenues. An adjusting entry for accrued expenses includes a debit to an expense and a credit to an asset. An adjusting entry for accrued revenues includes a debit to an asset and a credit to revenues. A Moving to another question will save this response. 11 MacBook Pro gor 000 11 74 F6 F7 F8 $ % A & * Question Completion Status: 21 Bm 45 5 6 70 80 90 10 12 13 26 27 28 29 30 31 32 33 34 35 36 60610 37 38 39 62 63 64 65 51 52 53 54 55 56 57 58 59 A Moving to another question will save this response. Question 21 When are closing entries typically performed? When the cash is received When the transaction occurred At the end of the accounting period At the beginning of the accounting period Moving to another question will save this response. 11 *** dtv A MacBook Pro DOO 20 F3 OOD F4 *