Lesson 4 BK rovide a thorough and broad overview of all four types of adjusting entries

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Question Description

Provide a thorough and broad overview of all four types of adjusting entries. In addition, provide an illustration of each type of adjusting entry.

Response must be at least 150 words, substantive

Tutor Answer

Mercury_H
School: University of Virginia

Attached.

Running head: ADJUSTING ENTRIES

1

Adjusting Entries
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October 4, 2017

ADJUSTING ENTRIES

2
Types of Adjusting Entries

Adjusting entries are journal entries that are made at the end of the accounting period to
allocate income and expenditure to the period during which they actually occurred (Weil,
Schipper, & Francis, 2013). The four types of adjusting journal entries used in business are;
repayments (deferrals), accruals, estimates and inventory (Weil, Schipper, & Francis, 2013).
Accruals and repayments are further classified as accrued revenues and ...

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Anonymous
Good stuff. Would use again.

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