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miss Akunina [59]
3 years ago
13

Consider the adjustment process at the end of the accounting period. 1. Record the adjusting entries in the journal. 2. Prepare

an adjusted trial balance to check the equality of the debits and credits. 3. Determine the accounts requiring adjustment, using the unadjusted trial balance. 4. Post the adjusting entries to the general ledger. Place the items in the proper order.
Business
1 answer:
dimulka [17.4K]3 years ago
6 0

Answer:

3, 1, 4, 2

Explanation:

The adjustment are required so that any change in any account would be recorded in the books of accounts

The steps to record the adjustments is as follows

3. Determine the accounts requiring adjustment, using the unadjusted trial balance. Like supplies, insurance, rent, etc

1. Record the adjusting entries in the journal.  Like supplies, insurance, rent, etc

For example, the adjusting entry for supplies account is

Supplies expense A/c Dr XXXXX

     To Supplies A/c XXXXX

(Being the supplies expense is recorded)

4. Post the adjusting entries to the general ledger.

2. Prepare an adjusted trial balance to check the equality of the debits and credits. It includes all the adjusting entries that are recorded and the trial is always matched.

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den301095 [7]

A and B are NOT true of credit cards

<h3>Further explanation </h3>

Credit card is a card that have a function to borrow money against a line of credit. When you want to buy something, a sales clerk uses your credit card to charge the money needed to their account, so the you will pay later.

Credit cards can be charged a fee if you are late making a monthly payment. For example if you're late to do credit card payment, the next billing statement will include a fee for the late/missed payments. Late fees can be as high as $39, but it depends on your credit card's late fee policy and whether or not it's your first time being late in the past six months.

Credit cards also provide some offer rewards, like cash back or airline miles. The differences between the airline miles and cash back is, the airline credit cards, on average, provide much better short-term value, while cash back cards are better for long-term.

. They offer the highest level of fraud protection and B. They are the best payment type to use when trying to stick to a budget are

A and B are NOT true of credit cards. Credit cards IS much safer method of payment in terms of fraud. Also credit cards are not the best payment to use when trying to do stick on a budget

<h3>Learn more</h3>
  1. Learn more about credit card brainly.com/question/4069197

<h3>Answer details</h3>

Grade:  9

Subject:  business

Chapter:  credit cards

Keywords: credit cards

4 0
4 years ago
Read 2 more answers
Positioning maps are based on Multiple Choice the actual objective characteristics of products. the opinions of the marketing ma
Effectus [21]

Answer:

customers' perceptions of products.

Explanation:

Positioning maps are also called perception maps they are visual representation used by marketers to show perception of customers or potential customers. Positioning is based mainly in customer perception and not in what the company feels will be the best for the customer.

For example a company may feel that their products are high quality and will target the upper class, but if customers perceive the product as low quality sales will be low.

Positioning maps also show where a business stands in relation to competitors in the market, and can be used to identify profitable alliances or partnerships.

7 0
4 years ago
Classify the following as fixed or variable costs:
sergeinik [125]

Answer:

a. Fuel Interest on company-issued bonds  FIXED

b. Shipping charges  VARIABLE

c. Payments for raw materials  VARIABLE

d. Real estate taxes  FIXED

e. Executive salaries  FIXED

f. Insurance premiums  FIXED

g. Wage payments  VARIABLE

h. Depreciation and obsolescence charges  FIXED

i. Sales taxes  VARIABLE

j. Rental payments on leased office machinery FIXED

Explanation:

Fixed costs are the cost of an organization that don´t change with the amount of production.  So ,  if the production is 0,  this cost will exist anyway. For example:  real estate taxes,  rental

6 0
3 years ago
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sesenic [268]

Explanation:

The adjusted journal entry is shown below:

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= Purchased value of laundry supplies - still on hand

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= $6,580

The answer is correct but The options that are given are incorrect.

8 0
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8 0
3 years ago
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