Give an example of an adjusting journal entry for each of


Give an example of an adjusting journal entry for each of the following transactions. Provide three correct responses:

  • Equal growth of an expense and a liability.
  • Earning of revenue that was previously recorded as unearned revenue.
  • Equal growth of an asset and revenue.
  • Increase in an expense and decrease in an asset.

 

 

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Business Management: Give an example of an adjusting journal entry for each of
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