Adjusting entry的分类有以下四种: 第一种是prepaid expense,预付费用。例如prepaid rent and prepaid insurance. 预付的房租和保险费。 一开始要被记成资产类账户,之后费用发生时记为expense。第二种是unearned revenues, 预收收入。例如magazine subscription fees received in advance and rent received in advance. ...
百度试题 结果1 题目An adjusting entry could be made for each of the following except: A. Prepaid expenses. B. Depreciation. C. Owner withdrawals. D. Unearned revenues. E. Accrued revenues. 相关知识点: 试题来源: 解析 A. B. D. E.反馈 收藏 ...
因为会计是accrual basis的，所以在期末要根据权责的转移做adjusting entry，简单说就是，虽然在当天没有交易发生，但是也要做帐。多数adjusting entry都是期末发生的。例如说，会计年度初2000年1月1日交了2400元保险费，保险的期限是两年，那么当支付的时候，当为一种资产确认在预付费用中，在期末2000年1...
∙Prepaid Rent ∙Supplies 1st journal entry (normal): 2nd journal entry (adjusting): Dr. an asset account and cr. Cash. Dr. an expense account and cr. the asset account for the amount used during that period. The Cash account is used in the original normal journal entry, but ...
A credit to prepaid expense account previously recorded. The other deferral in accounting isthe deferred revenue,which is an adjusting entry that converts liabilities to revenue. More specifically, deferred revenue is revenue that a customer pays the business, for services that haven’t been received...
3. Adjusting entries can be seen as the last-minute fixes in a race.Just like when you remember at the end of the month that you haven't accounted for that prepaid expense. That's one important adjusting entry right there! 4. Isn't it amazing how adjusting entries are like putting the...
Adjusting entry for unearned revenue (2022). Accountingverse. https://www.accountingverse.com/accounting-basics/unearned-revenue.htmlNext Lesson→ Prepaid ExpensePrevious Lesson← Accrued ExpenseChapter Outline≡ Adjusting EntriesMore under Adjusting Entries 1 Introduction to Adjusting Entries 2 Accrued ...
Adjusting entry for accrued revenue (2022). Accountingverse. https://www.accountingverse.com/accounting-basics/accrued-income.htmlNext Lesson→ Accrued ExpensePrevious Lesson← Introduction to Adjusting EntriesChapter Outline≡ Adjusting EntriesMore under Adjusting Entries 1 Introduction to Adjusting Entries ...
Suppose a business firm has to pay wages to the employees at the end of an accounting period, an adjusting journal entry has to be made by debiting the wages expense account and crediting the wages payable account. When the wages are paid, reverse the journal entry by debiting cash and ...
What Does an Adjusting Journal Entry Record? Here are the main financial transactions that adjusting journal entries are used to record at the end of a period. Prepaid expenses or unearned revenues– Prepaid expenses are goods or services that have been paid for by a company but have not been...