Adjusting Entries (Word Scramble)

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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 GACNIMTH Unscramble
2. These are a common type of adjusting entries. ACCRUALS SCALUACR Unscramble
3. Another name for adjusting entries that involve prepayments. DEFERRALS SERFRLADE Unscramble
4. The type of account involved with the deferral of revenues. LIABILITY YILILBTIA Unscramble
5. This type of account is part of the entry to accrue revenues. ASSET TESAS Unscramble
6. An accrual entry involving a liability will also include this type of account. EXPENSE PNXEEES Unscramble
7. A common adjusting entry pertaining to plant assets is the recording of ______________. DEPRECIATION EDCTORIIPEAN Unscramble
8. The contra account to accounts receivable is the ____________ for doubtful accounts. ALLOWANCE CAWLNALOE Unscramble
9. Adjusting entries are usually dated as of the date of the _________ sheet. BALANCE ALCNBAE Unscramble
10. _________-type adjusting entries are often reversed on the first day of the next accounting period. ACCRUAL CUCLARA Unscramble
11. The expired amount of prepaid insurance premiums should be reported in the account Insurance __________. EXPENSE NEESPEX Unscramble
12. An accrual that leads to an increase in assets will likely involve ___________. REVENUES SUVENEER Unscramble
13. Each adjusting entry affects at least one _________ statement account. INCOME OMINEC Unscramble
14. The account credited in the adjusting entry for depreciation is ______________ Depreciation. ACCUMULATED DAMETUCAUCL Unscramble
15. One purpose of adjusting entries is to report revenues in the accounting period in which they are __________. EARNED DEERNA Unscramble
16. Accruing revenues will include a debit to a _____________ account. RECEIVABLE CLEAVEIBER Unscramble
17. Accruing expenses will include a credit to a ___________ account. LIABILITY TAILBYIIL Unscramble
18. To avoid the double counting of accrued expenses, ____________ entries are made on the first day of the next accounting period. REVERSING SNEGRIVER Unscramble
19. An expense incurred but not yet recorded or paid will require an ___________-type adjusting entry. ACCRUAL URCACLA Unscramble
20. ____________ revenues should be reported as a liability. UNEARNED ANUNDREE Unscramble

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Adjusting Entries Outline

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