1. Match each transaction with the type of entry that will berequired at April 30, the company's year-end.
A. Deferral Adjusting entry
B. Accrual Adjusting entry
The company has $8,300 in Prepaid Rent at the beginning of Apriland uses $3,600 of that for its April rent.
The company provides lawn care in April for customers who willbe billed and make payment in May.
The company owes interest on loans for the month of April andwill not pay this interest until May.
The company uses $1,600 worth of fertilizer from its stock ofsupplies.
The company provides lawn care in April for customers who paidin March.
2. Match each transaction with the type of entry that will berequired at April 30, the company's year-end.
A. Deferral adjusting entry
B. Closing entry
C. Accrual adjusting entry
D. Closing entry
E. Accrual adjusting entry
The company transfers revenues of $50,000 and expenses of$32,000 to Retained Earnings.
The company makes an entry to allocate the use of equipmentduring the current account period.
The company transfers the balance in the Dividends account of$1,200 to Retained Earnings.
The company records income taxes.
1. Match each transaction with the type of entry that will berequired at April 30, the company's year-end.
A. Deferral Adjusting entry
B. Accrual Adjusting entry
| The company has $8,300 in Prepaid Rent at the beginning of Apriland uses $3,600 of that for its April rent.
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