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gOOvER gOOvER
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6 years ago
Given the following adjustment data, state whether the resulting adjustment will be a deferral or an accrual.

a) Recorded salaries earned by employees at end of month, payment to be made early next month.
b) Recorded service revenue received in advance from clients.
c) Estimated current month's utilities bill and recorded the amount. The bill is to be received and paid next month.
d) Prepaid insurance was used during the month.
e) Supplies were used during the month.
f) Performed services on account, payment to be received next month.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
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raovatallpyraovatallpy
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6 years ago
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