As prepaid expenses expire with the passage of time, the correct adjusting entry will be a:

Business

1 answer:

Nonamiya [84]2 years ago

4 0

Answer:

d. debit to an expense account and a credit to an asset account.

Explanation:

When a prepayment is made, the entries recorded are Debit prepaid expense and credit Cash account to recognize the amount prepaid.

As time passes and the expenses are incurred, the entries required are debit expense account and credit prepaid expense (an asset) with the amount of the expense incurred as a result of the passage of time.

You might be interested in

You want to search for articles that discuss the role of nature in the poetry of Emily Dickinson. You're specifically interested

DENIUS [597]

Answer:

a.(bees OR flowers) AND dickinson

Explanation:

We defenitevily want Dickinson in our search as it is the writer we are interest on. Thus the statment should be and AND as an OR may leave it off the equation. and the system will look for bees or flowers from pretty much any writer. Dickinson is an exclusive factor.

Then, from the topoc of his poetry we look for bees or flowers at an equal interest. With findings of just one of these two concepts we are satisfied thereofre and OR statement is the way to go.

3 0

3 years ago

Which statement is most appropriate for the body of a cover message?

garri49 [273]

Answer:

Explanation:

The statement uses an active verb and has clear, concise information that specifically applies to a job rather than a class.

3 0

2 years ago

Why do monopolies engage in price discrimination when possible? Enumerate and explain the nature of possible impediments to pric

TEA [102]

Monopolies engage in price discrimination possible because they can get away with it.

A monopoly is where only one seller sells a particular good. Because of this, the seller has the power to dictate the price of the good to the extend of giving the good the highest price possible that a consumer is willing to pay.

Consumers must pay the price of said product because they can not get the same product from any other seller.

6 0

2 years ago

A firm will work with a customer to design the product, and then make it from purchased materials, parts, and components. this f

drek231 [11]

A firm will work with a customer to design the product, and then make it from purchased materials, parts, and components. this firm is called <u>a make order firm.</u>

<u />

A firm is a for-profit business, generally formed as a partnership that provides professional services, along with criminal or accounting offerings. The theory of the firm posits that firms exist to maximize profits. The term firm is synonymous with enterprise or organization. firms can operate beneath several distinct structures, including sole proprietorships and corporations.

In income, commerce, and economics, a customer is a recipient of a good, service, product, or idea - obtained from a seller, vendor, or supplier via a monetary transaction or change for money or some other valuable consideration.

learn more about the organization here brainly.com/question/19334871

#SPJ4

8 0

1 year ago

The type of data that has already been gathered by another source is called

In-s [12.5K]

Researchers in the health and social sciences can obtain their data by getting it directly from the subjects they’re interested in. This data they collect is called primary data. Another type of data that may help researchers is the data that has already been gathered by someone else. This is called secondary data. Hope this helped!

5 0

2 years ago