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Adjusting Entries: Unrecorded Receivables

Why do we need adjusting entries? How do we account for unrecorded receivables and liabilities?

From  Alena Rodick 233 plays 0  

Intermediate Acctg 2--Exercise 13-5

paid future absences -- vacations

From  Barbara Warschawski 26 plays 0  

Introductory Accounting 1 - M2 EXERCISE 3-7

EFFECT ON INCOME AND BALANCE SHEET ACCOUNTS

From  Barbara Warschawski 640 plays 0