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Adjusting Entries(Word Scramble)

Author:
Harold Averkamp, CPA, MBA

To see each answer, press or click on the blue "Unscramble" button. If you have difficulty answering the following questions, learn more about this topic by reading our Adjusting Entries (Explanation).

1. Adjusting entries are associated with this accounting principle.

MATCHING TNHCAGIM
MATCHING GHTCMAIN

2. These are a common type of adjusting entries.

ACCRUALS SUAACLCR
ACCRUALS RAUSCALC

3. Another name for adjusting entries that involve prepayments.

DEFERRALS ERELRSFAD
DEFERRALS RALSDFREE

4. The type of account involved with the deferral of revenues.

LIABILITY YIIBLTIAL
LIABILITY ILBIIATLY

5. This type of account is part of the entry to accrue revenues.

ASSET ATESS
ASSET SATES

6. An accrual entry involving a liability will also include this type of account.

EXPENSE SENEXEP
EXPENSE XNESEEP

7. A common adjusting entry pertaining to plant assets is the recording of ______________.

DEPRECIATION DANOTPEREICI
DEPRECIATION OTAREIEPICND

8. The contra account to accounts receivable is the ____________ for doubtful accounts.

ALLOWANCE ALLANEWOC
ALLOWANCE WNLEOALAC

9. Adjusting entries are usually dated as of the date of the _________ sheet.

BALANCE CAALENB
BALANCE BACENLA

10. _________-type adjusting entries are often reversed on the first day of the next accounting period.

ACCRUAL URLAACC
ACCRUAL LACURCA

11. The expired amount of prepaid insurance premiums should be reported in the account Insurance __________.

EXPENSE PSXNEEE
EXPENSE NESPEEX

12. An accrual that leads to an increase in assets will likely involve ___________.

REVENUES EUEVSRNE
REVENUES NSERUEEV

13. Each adjusting entry affects at least one _________ statement account.

INCOME MNEIOC
INCOME MEOCNI

14. The account credited in the adjusting entry for depreciation is ______________ Depreciation.

ACCUMULATED EUAULCMDACT
ACCUMULATED ATDUAMEULCC

15. One purpose of adjusting entries is to report revenues in the accounting period in which they are __________.

EARNED DAREEN
EARNED EDEARN

16. Accruing revenues will include a debit to a _____________ account.

RECEIVABLE ERBACIELEV
RECEIVABLE LBIVAERECE

17. Accruing expenses will include a credit to a ___________ account.

LIABILITY LIAYILBIT
LIABILITY ABLYLIIIT

18. To avoid the double counting of accrued expenses, ____________ entries are made on the first day of the next accounting period.

REVERSING VRREENSGI
REVERSING EGSIVRNER

19. An expense incurred but not yet recorded or paid will require an ___________-type adjusting entry.

ACCRUAL RUCCAAL
ACCRUAL ARCUALC

20. ____________ revenues should be reported as a liability.

UNEARNED NREEADNU
UNEARNED RAENNDUE
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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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