4 3 Record and Post the Common Types of Adjusting Entries Principles of Accounting, Volume 1: Financial Accounting
Content Accrued Revenue vs Deferred Revenue Example 2 – Interest Goes From Accrued Asset to Accrued Revenue Fraudulent Use of Accrued Revenue 5: Adjusting Entries—Accruals Intermediate Financial Accounting 1 The company is recording a deferred expense. The company was deferring the recognition of supplies from supplies expense until it had used the supplies. The company recorded salaries …