Stillmore Investigations, Sweeney & Associates,
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Solution Summary
This solution is comprised of a detailed explanation to enter the appropriate terminology and prepare adjusting entries.
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For Stillmore Investigations, Sweeney & Associates,
Chapter 4 Text Assignment Legend:
Enter your name below, starting in first column only = enter information
= number given
NAME = enter answer
Graded points out of 40
Part 1
Refer to Exercise 4.1 (Page 151 Text) Accounting Terminology
Enter the appropriate letter or enter "NONE" for any term not defined in the box to the left of
the terms. Use definitions lettered "A" thru "H" on page4
Deduct 2 for wrong answer out of 70
Ans.
D = Unrecorded revenue
A = Book value
F = Unearned revenue
E = Adjusting entries
C = Matching principle
none = Materiality
none = Accrued expenses
H = Accumulated depreciation
G = Prepaid expenses
Part 2
Refer to Exercise 4.4 (Page 152 Text) Preparing Adjusting Entries. . . . .
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