$TBMCQu.3-68(Static)$ The accounting basis that records revenues...TB MC Qu$.3-98($Static$)$ Examples of adjusting entries could include...

Examples of adjusting entries could include all of the following except:

Multiple Choice

Recording the purchase of office supplies.

Recording unpaid taxes.

Recording the expiration of prepaid insurance.

Recording interest earned in the current period, but not yet received.

The accounting basis that records revenues when cash $is$ received and expenses when cash $is$ paid $is$ referred $toas$:

Multiple Choice

Realization$-$basis.

Reporting$-$basis.

Cash$-$basis.

Accrual$-$basis.TB MC Qu$.3-100($Static$)$ Adjusting entries are primarily needed...

Adjusting entries are primarily needed for:

Multiple Choice

Cash$-$basis accounting.

Current value accounting.

Manual accounting systems.

Accrual$-$basis accounting.