Top Posters
Since Sunday
s
3
v
3
p
3
m
2
s
2
d
2
N
2
d
2
e
2
s
2
s
2
e
2
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
goji.go goji.go
wrote...
Go to Answer
Posts: 5977
Rep: 293 0
9 years ago
Elsie owns a small business. At the end of the month, Elsie needed to make adjusting entries to prepare statements on the accrual basis. Which two of the following six possibilities occurred as a result of each of the following adjustments - an asset increased, an asset decreased, a liability increased, a liability decreased, equity increased, or equity decreased:
      a.   An accrual for salaries that were due to an employee, but were not paid
      b.   An adjustment for depreciation on Elsie's store fixtures
      c.   An adjustment for the expiration of prepaid insurance
      d.   An accrual for interest earned on a certificate of deposit that had not matured
Read 391 times
3 Replies
Diesel
Replies
Answer accepted by topic starter
f_zah1f_zah1
wrote...
#1
Top Poster
Posts: 10774
Rep: 1064 3
9 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

goji.go Author
wrote...
#2
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
#3
9 years ago
You're very welcome!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1153 People Browsing
 107 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 313
  
 85
  
 1053
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 484
Previous poll results: Where do you get your textbooks?