Saturday, February 22, 2014

PE 3-1A Accounts requiring adjustments

Indicate with a Yes or No whether or not each of the following accounts normally requires
an adjusting entry.
a. Accumulated Depreciation
b. Albert Stucky, Drawing
c. Office Equipment
d. Salaries Payable
e. Supplies
f. Unearned Rent

Answer:
a. Yes
b. No
c. No
d. Yes
e. Yes
f. Yes

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