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Catch the adjusting entries

Exercise and reference answers

Items
  1. Matches the category
    Yes
    Item
    Prepaid rent
  2. Matches the category
    Yes
    Item
    Unearned fees
  3. Matches the category
    Yes
    Item
    Accrued wages
  4. Matches the category
    Yes
    Item
    Depreciation
  5. Matches the category
    No
    Item
    Sonata
  6. Matches the category
    No
    Item
    Pigment
  7. Matches the category
    No
    Item
    Trellis
  8. Matches the category
    No
    Item
    Lantern
Category
Accounting
Instructions
Catch the items needing an adjusting entry.

Explanation

_Source: OpenStax Principles of Financial Accounting, Chapter 4, The Adjustment Process._
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