
Concept explainers
Concept Introduction:
Journal entries are done to record/posting the transactions into books or ledger accounts. Each
Generally, the entities record the monthly closing accounting entries for recording of expenses, accrual of expenses, assets and liabilities so that financial statements shows the correct picture of the entity.
To prepare:
In the given question there are 4 adjustment items which need to be adjusted and have to record journal entries on the basis of accrual concept.

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Chapter 3 Solutions
Horngren's Accounting, Student Value Edition Plus MyAccountingLab with Pearson eText, Access Card Package
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