Adjusting Entries : Adjusting entries are the entries required to be passed at the end of the financial year to match the revenues and its related expenses by making the adjustment for any expenses payable, revenue unearned, prepaid expenses, etc. To record: The adjusting entry for vacation pay expense.

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Chapter 9, Problem 12E

1.

To determine

Adjusting Entries:

Adjusting entries are the entries required to be passed at the end of the financial year to match the revenues and its related expenses by making the adjustment for any expenses payable, revenue unearned, prepaid expenses, etc.

To record:The adjusting entry for vacation pay expense.

2.

To determine

Adjusting Entries:

Adjusting entries are the entries required to be recorded at the end of the financial year to match the revenues and its related expenses by making the adjustment for any expenses payable, revenue unearned, prepaid expenses, etc.

The adjusting entry required to be passed for warranty expenses.

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