ADJUSTMENT ENTRIES

Depreciation on equipment is classified as (a)   .

Expenses paid in advance is classified under (a)   .

Unearned revenue is classified as (a)   for the business.

Revenue was already performed but not yet received any cash is classified under (a)   .

Accrued expense is also known as (a)   .

Account to be contra to Depreciation expense is (a)   .

Prepaid advertising has been used for the month.

What is the account to be credit?

• Cash

• Prepaid advertising

• Advertising expense

• Prepaid expense

Bad debt expense was RM500.

Which journal is correct?

• Dr Bad debt expense RM500

• Dr Account Receivable RM500

• Cr Bad debt expense RM1,000

• Cr Account Receivable RM1,000

Unearned barber service RM1,700 was already earned.

What is account to be debit?

• Unearned barber service

• Barber service

• Bank

• Unearned revenue

Accrued wages was RM2,490.

Which journal is correct?

• Dr Wages expense RM2,490

• Dr Accrued wages RM2,490

• Cr Accrued wages RM2,940

• Cr Wages expense RM2,940