Question: The adjusting entry for accrued revenue a. is the same journal entry as for revenue on account. b. differs from the journal entry for revenue

The adjusting entry for accrued revenue

a. is the same journal entry as for revenue on account.

b. differs from the journal entry for revenue on account.

c. includes a credit to an asset account.

d. includes a debit to a revenue account.

Once the adjusted trial balance is balanced, it can be used to prepare

a. the income statement, the statement of owner's equity, and the classified balance sheet.

b. the classified balance sheet only.

c. the classified balance sheet and the income statement only.

d. None of these choices are correct.

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