Question: Week 3 Discussion # 1 66 unread replies.66 replies. Define accrued expenses and revenues? Provide example... Define deferred expenses and revenues? Provide example... Why do

Week 3 Discussion # 1

66 unread replies.66 replies.

  • Define accrued expenses and revenues? Provide example...
  • Define deferred expenses and revenues? Provide example...
  • Why do we use adjusting entries and why?
  • Why is cash not part of adjusting journal entries?
  • What is the timing of the adjusting entries?

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