through 3. S3-5 Identifying types of adjusting entries A select list of transactions for Anuradha's Goals follows: Apr. 1 Paid six months of rent, $4,800. Received $1,200 from customer for six-month...


through<br>3.<br>S3-5 Identifying types of adjusting entries<br>A select list of transactions for Anuradha's Goals follows:<br>Apr. 1 Paid six months of rent, $4,800.<br>Received $1,200 from customer for six-month service contract that<br>began April 1.<br>10<br>15 Purchased a computer for $1,000.<br>18<br>Purchased $300 of office supplies on account.<br>30<br>Work performed but not yet billed to customer, $500.<br>30 Employees earned $600 in salaries that will be paid May 2.<br>For each transaction, identify what type of adjusting entry would be needed. Select<br>from the following four types of adjusting entries: deferred expense, deferred revenue,<br>accrued expense, and accrued revenue.<br>

Extracted text: through 3. S3-5 Identifying types of adjusting entries A select list of transactions for Anuradha's Goals follows: Apr. 1 Paid six months of rent, $4,800. Received $1,200 from customer for six-month service contract that began April 1. 10 15 Purchased a computer for $1,000. 18 Purchased $300 of office supplies on account. 30 Work performed but not yet billed to customer, $500. 30 Employees earned $600 in salaries that will be paid May 2. For each transaction, identify what type of adjusting entry would be needed. Select from the following four types of adjusting entries: deferred expense, deferred revenue, accrued expense, and accrued revenue.

Jun 10, 2022
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