Answered

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Which of the following entries could be considered as an adjusting entry? Group of answer choices Debit to Cash and Credit to Revenues Debit to Cash and Credit to Liabilities Credit to Cash and Debit to Expenses Debit to Expenses and Credit to Liabilities

Sagot :

anthougo

Answer:

The entry that could be considered as an adjusting entry is:

Debit to Expenses and Credit to Liabilities

Explanation:

For example, to accrue salaries expenses in an accounting period when the cash payments have not been made, the Salaries Expenses account is debited with the amount of the unpaid salaries while the corresponding credit entry goes to the Salaries Payable account.  Depreciation expense is also debited while the corresponding credit entry is made in the accumulated depreciation account.

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