Match the following types of adjustments with the appropriate transactions.
A) Used to record revenue earned for which cash has not been received.
B) Used to record revenue earned for which cash was received in advance.
C) Used to record wages owed, but not yet paid.
D) Used to record expiration or use of prepaid insurance.
1. Prepaid expense
2. Unearned revenue
3. Accrued expense
4. Accrued revenue
1. D) Used to record expiration or use of prepaid insurance.
2. B) Used to record revenue earned for which cash was received in advance.
3. C) Used to record wages owed, but not yet paid.
4. A) Used to record revenue earned for which cash has not been received.
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Describe the four stages of culture shock.
What will be an ideal response?
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